Annual Corporate Report Awards 2011

Organizing Committee

The Championship Trophy

General Criteria

Adjudication Process

Previous Winners

Photo Gallery
 
 
 
 
General Criteria
 
All Annual Reports should include clear and comprehensive commentaries on the operations and prospects of the Group/Company.
 
Mandatory Disclosures
 
• Notice of Annual General Meeting
   
• Corporate Information
   
• Information on Board of Director
   
• Other Information Required by the Listing Requirements of Bursa Malaysia Securities Berhad (BMSB) where applicable
   
• Chairman’s Statement
 
- Statement of Group/Company’s performance and policies,
- Corporate strategies; goals assessed against progress in achieving them;
- Consistent message with regards to financial performance, important transactions, difficulties during the year:
- Review of operations by market/ division/ industry;
- Key performance indicators, capability to deliver results and outlook for the organisation as a whole: and
- Forward looking, growth strategy future of the industry.
   
• Statement of Corporate Governance
   
 
- Disclosure in the Annual Reports on how the principles in Part 1 of the Malaysian Code on Corporate Governance (MCCG) have been applied,
- The extent to which best practices in Part 2 of the MCCG have been complied: and
- Identifying and explaining any non-compliance with the MCCG.
   
• Statement of Internal Control
   
 
- A statement on the state of internal control of the Group/Company as a whole (Paragraph 15.27 (b) of the Listing Requirements of BMSB)
   
• Statement of Directors’ Responsibility in Relation to the Financial Statements
   
 
- A statement explaining the Board of Directors’ responsibility in preparing the annual audited financial statements (Paragraph 15.27 (a) of the Listing Requirements of BMSB)
   
• Report on Audit Committee
   
 
- Composition of Audit Committee
- Terms of Reference
- Number of Meetings and Details of Attendance
- Summary of Activities
- Existence of Internal Audit Function or Activity
   
• Financial Statements
  Financial Statements are to be prepared in compliance with applicable Approved Accounting Standards in Malaysia and disclosure requirements set out in the Companies Act 1965, the Listing Requirements of BMSB and other relevant legislations. SCCI Annual Corporate Report Awards seeks to make example, the Company that produces Annual Report disclosures over and beyond mandatory requirements. Financial Statements should cover:
   
 
- Directors Report
- Balance Sheets
- Income Statements
- Statements of Changes in Equity
- Cash Flow Statements
- Clear concise notes covering major accounting policies and significant or extraordinary events/ transactions during the year
- Disclosure of comparative figures
- Cross-references between the financial statements anci notes
- A signed statement from the Directors as to their opinion on the financial siaicinents
- Statutory declaration
- A signed report from the auditors
   
• Particulars of Properties
   
• Analysis of Shareholdings
   
• Proxy Form
 
 
Overall Presentation of Annual Report
 
Presentation of information in a concise, logical and easily readable format is a crucial aspect of annual reporting The following criteria will carry much emphasis in the Adjudication Process:
 
• Overall presentation of information is clear, concise and simple
• Overall neatness and readability
• Overall layout, photography and colour scheme
• Incorporation of visual aids to provide more details/ explanations
• Relevance of visual aids used
 
 
Additional Information
Additional Information encompasses any relevant disclosures on issues such as:
 
• External Focus
 
- Environmental
- Health and Safety
- Social Responsibilities
   
• Internal Focus
 
- Clear Reflection of Organisation s Vision, Mission and Corporate Value Statements
- Corporate Highlights / “Year at a Glance”
- Corporate Structure
- Analyses of Major Expenses
- Disclosure of Estimated Replacement Value of Major Assets
- Review of Operations, Management and Personnel
- Disclosure of Internal Audit Plans
- Risks and Uncertainties
- Product Development Stages and Introduction of New Products
 
 
 
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