Malakoff Corporation Berhad 011124

2024 | Quarter 4

MAIN EDITOR'S NOTE HIGHLIGHTS IN BUSINESS ENGAGEMENTS CORPORATE RESPONSIBILITY

Malakoff Hosts Institutional Investors Council Malaysia, Fostering Mutual Understanding with Investee Companies

Malakoff Corporation Berhad (Malakoff), a member of MMC Group, recently hosted the Institutional Investors Council Malaysia (IIC) at Malakoff Headquarters, Plaza Sentral. Malakoff has been selected by the IIC as part of IIC's annual engagement programme with investee companies.

The high-powered meet was chaired by Tan Sri Datuk Dr. Ir. Ahmad Tajuddin Ali, Malakoff's Chairman. Leading the IIC's 22-strong delegateion of investors, asset and fund managers was Datuk Hajah Nik Amlizan Mohamed, IIC Chairman and Chief Executive Officer of Kumpulan Wang Persaraan (Diperbadankan) (KWAP).

The engagement was highly beneficial for Malakoff as it helps the company build a stronger relationship with the IIC which comprises of key institutional investors such as KWAP, Permodalan Nasional Berhad (PNB), Employee Provident Fund (EPF), Lembaga Tabung Angkatan Tentera (LTAT) and others. It also allowed Malakoff to address specific concerns and effectively communicate the company's value proposition, providing the IIC with deeper insights into the Malakoff's strategies, financial performance, and future outlook. This, in turn, enables investors to make more informed decisions.

Among the key updates shared were Malakoff's progress in its Environmental, Social and Governance (ESG) and sustainability journey. It is aligned with strategic goals and initiatives related to business human rights, diversity and governance. These efforts are particularly significant as Malakoff strives to contribute to the government's net zero target by 2050. This platform proved instrumental in fostering mutual understanding between Malakoff and the IIC, aligning investor expectations with the company's strategic direction, especially as Malakoff plays a pivotal role in advancing the country's energy security and renewable energy objectives.

Formed in 2015 following the launch of the Malaysian Code for Institutional Investors (MCII) on 27 June 2014, this industry-led initiative provides a platform to shape and influence a wider sphere of corporate governance culture, through, among others, the effective adoption of the MCII. The establishment of the IIC is also in line with the recommendations of the Corporate Governance Blueprint 2011 launched by the Securities Commission in July 2011. The IIC was formally established under the Societies Act 1966 on 29 December 2017.