Kuala Lumpur, 26 November 2013: Perbadanan Insurans Deposit Malaysia (PIDM) was recognised for producing the “Best Annual Report of Non-Listed Organisations” by the National Annual Corporate Report Awards (NACRA) for the fifth consecutive year.
“Winning this prestigious award for five consecutive years is a testimony of our continuous commitment to upholding high standards of governance, transparency and disclosure of information to our stakeholders, which is a key requirement for a financial safety net player,” said PIDM Chief Executive Officer J.P. Sabourin at the NACRA 2013 award ceremony held on 21 November 2013 in Kuala Lumpur.
In line with its theme of “Towards Accountability and Excellence”, the NACRA awards acknowledge excellence in corporate reporting, while at the same time promoting greater corporate accountability and transparency in financial reporting by recognising the publication of relevant, reliable and credible annual reports.
“As a regulator and public institution, we believe it is important to demonstrate that we subscribe to the highest levels of good corporate governance, in order to build trust and credibility with our key stakeholders,” added Sabourin.
PIDM also publishes and distributes to its key stakeholders annually a business plan (Corporate Plan) that sets out the Corporation’s key performance indicators based on its strategic direction and operating environment. The Annual Report thereafter enables its key stakeholders to directly assess PIDM’s performance against these stated deliverables, and in fulfilling the Corporation’s statutory mandate and corporate objectives.
PIDM has consecutively been recognized by NACRA for producing the Best Annual Report of Non-Listed Organisations since 2009.
PIDM’s Corporate Plans and Annual Reports, are available on the Corporation’s website (www.pidm.gov.my) in four different languages, Bahasa Malaysia, English, Chinese and Tamil.
For more information about this press release, kindly contact:
Rozita Ahmad, General Manager, Communications and Public Affairs Division
(Tel: 03-2173 7455; Email: firstname.lastname@example.org)
Juli Murshidah, Manager, Communications and Public Affairs Division
(Tel: 03-2173 7465; Email: email@example.com)
For further information:
PIDM protects your deposits in the bank as well as your takaful and insurance benefits in the unlikely event of a failure of a member bank or a takaful operator / insurance company.