NATIONAL ANNUAL CORPORATE REPORT AWARDS (NACRA) 2024 CALLS FOR ENTRIES

KUALA LUMPUR, March 13 (Bernama) -- Now in its 34^th year, the National Annual Corporate Reporting Awards (NACRA) 2024 has called for entries at the NACRA 2024 Virtual Launch held today. The closing date for registration and submission of entries is 31 May 2024. 

NACRA has been jointly organised by Bursa Malaysia Berhad, Malaysian Institute of Accountants (MIA) and The Malaysian Institute of Certified Public Accountants (MICPA) since 1990, with the theme of “Towards Accountability & Excellence”. NACRA’s theme, “Towards Accountability & Excellence” underscores the vital role of annual reports in enhancing transparency and the integrity of the capital market.

At the launch, Mr Ong Chee Wai, Chairman of the NACRA 2024 Organising Committee stated that “NACRA is increasingly relevant in 2024 in order to drive excellence in corporate disclosure.”  

He shared that NACRA guidelines are reviewed every year and enhancements made in alignment with current requirements and trends to continually improve on the quality of annual reports. Given the increasing global relevance and acceptance of integrated reporting (IR) and sustainability, the NACRA assessment criteria have been realigned with IR and sustainability elements and emphasises the importance of non-financial information, forward-looking statements and sustainability information to communicate the organisation’s value creation narratives over time.

Mr Tang Seng Choon, Chairman of the NACRA 2024 Adjudication Committee, asserted that changes to NACRA “have been designed to future proof corporate reporting in Malaysia in line with global and local developments.”

He noted that NACRA’s emphasis on sustainability reporting is aligned with Bursa Malaysia’s Sustainability Reporting Framework, which was launched in 2015 and enhanced in 2022 in key areas, namely disclosures on common sustainability matters and common indicators; climate change-related disclosures; enhanced disclosure of quantitative information; and disclosure of sustainability assurance.

All public listed and non-public listed organisations as well as other organisations established in Malaysia are invited to participate in NACRA. The closing date for registration and submission of entries is 31 May 2024. All organisations will compete for Excellence Awards according to market capitalisation for listed companies, with a separate category for non-listed organisations.

For registration or more information about NACRA 2024, please click HERE or contact the NACRA Secretariat at nacra@mia.org.my.  

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