Win Marks Second Consecutive Year of Tune Protect Receiving the Honours
KUALA LUMPUR, 15 SEPTEMBER 2021 – Tune Protect Group Berhad (“Tune Protect” or “the Company”) has been named winner of two awards in the MSWG-ASEAN Corporate Governance Award 2020, organised by the Minority Shareholders Watch Group (“MSWG”). This year, the Company was awarded the Excellence Award for CG Disclosure (Market Cap Above RM 100 million to RM 300 million) and the Industry Excellence Award (Financial Services).
This is the second consecutive year of Tune Protect receiving the honours from MSWG. Tune Protect also rose from 31st place in 2019 to 12th place in 2020 under the “Top 100 Companies for CG Disclosure. In 2019, the Company had also won first in the Merit Award for Most Improved category.
The MSWG-ASEAN Corporate Governance Award is an annual award that aims to recognise the achievements of Malaysian public-listed companies (“PLCs”) that have demonstrated high standards of Corporate Governance (“CG”) practices and they are assessed using the ASEAN CG Scorecard Methodology.
A total of 851 Malaysian PLCs were assessed in 2020 based on the respective PLCs’ latest annual report, CG report and sustainability report for the financial year ended 30 April 2019 to 31 March 2020. Other sources of information include corporate websites, public announcements on Bursa Malaysia, as well as other publicly available information such as media and analysts’ reports.
“On behalf of MSWG, we would like to congratulate Tune Protect Group Berhad for the well-deserved recognition as only 38 companies are recognised for the awards from a total of 851 PLCs. Tune Protect has continued to improve its corporate governance standards over the years. Their improvement has landed them with the two awards for 2020 assessment,” said MSWG Chief Executive Officer Devanesan Evanson.
“We are very honored to receive both the Excellence Award for CG Disclosure and the Industry Excellence Award (Financial Services). To be recognised alongside other esteemed PLCs, especially in the Financial Services category will only spur us on to uphold the highest standards of ethics, integrity, and corporate governance. We would like to express our gratitude towards MSWG for the recognition two years in a row,” said Rohit Nambiar (“Rohit”), Group Chief Executive Officer of Tune Protect.
“Tune Protect believes that a strong corporate governance framework and culture translates into a sustainable company that delivers high value for all its stakeholders. As a financial services institution, the Company, with guidance from the Board of Directors, will continue to improve on its CG standards by adopting best practices recommended by relevant regulatory bodies, and providing relevant disclosures on its publicly accessible platforms for greater transparency to its stakeholders including minority shareholders”, added Rohit.
For more information about Tune Protect, please visit Tune Protect’s website at www.tuneprotect.com