NACRA 2020 was launched on Wednesday, March 4, 2020 at Connexion Conference & Event Centre, Bangsar South.
This year, NACRA has four categories of awards, namely the Overall Excellence Award, Best Annual Report in BM, Best Designed Annual Report and Best Sustainability Reporting. NACRA is open to all companies incorporated or registered in Malaysia as well as the public sector and other organisations established in Malaysia. All submissions must be received by Friday, 29th May 2020. Only annual reports with 2019 financial year end are eligible for entry to NACRA 2020. The results will be announced at the NACRA Awards Presentation Dinner
Registration closes on Wednesday, May 31, 2019 and results will be announced at the NACRA Awards Presentation Dinner.
NACRA 2020 – New Framework & Details
For more information on the brand new awards structure and assessment criteria, please refer to the brochure below.
NACRA 2020 Brochure
Promoting excellence in annual corporate reporting has a long history in Malaysia. It started in 1985 with the launch of the Malaysian Corporate Report Awards (MACRA) which was jointly organised by The Malaysian Association of Certified Public Accountants (MACPA) and the Malaysian Institute of Management (MIM). In 1988, Malaysian Institute of Accountants (MIA) and the Kuala Lumpur Stock Exchange (KLSE) collaborated to organise the National Annual Report Awards (NARA). In recognition that the two awards shared common objectives, 1990 saw the unification of the awards to become the National Annual Corporate Report Awards (NACRA), which was jointly organised by KLSE, MIA, MIM and MACPA.
Today, NACRA is the collaborative effort of Bursa Malaysia Berhad, Malaysian Institute of Accountants, and The Malaysian Institute of Certified Public Accountants (MICPA).
The criteria for NACRA has been reviewed and enhanced each year to encourage the disclosure of all material and relevant information beyond the statutory requirements. Compliance with approved accounting standards and statutory disclosure requirements has become the norm expected of all organisations. Greater emphasis has been given to voluntary disclosure such as information about the company’s long-term objectives, its strategic plans for growth, initiatives to protect the environment through corporate social responsibility projects. The aim is to promote more effective communication between the organisation and its stakeholders.
Although new elements have been added over the years, the objective remains essentially the same, to recognise and highlight the importance of good financial reporting, not only to protect the interests of stakeholders, but to ensure the effective functioning of the capital market. This is the very essence of NACRA’s theme, Towards Accountability and Excellence.
- To promote effective communication by organisations through the publication of timely, informative, transparent and reader-friendly annual reports
- To raise the bar for quality corporate reporting in Malaysia
- To recognise and encourage excellence in the presentation of financial and corporate information
- To create public awareness of the objective measures of an organisation and their value creation over time, and greater understanding of the financial performance and results an organisation has achieved