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Speaking at the Securities Investors Association Singapore Investors' Choice Award in Singapore this evening, Yusli said that in maintaining standards of corporate governance and an orderly market, acknowledgement and rewards on corporate excellence play a significant role in enhancing and profiling not just companies but markets.
"We need no further reassurance that corporate governance and corporate best practices is the agenda for each market and criteria for each prudent investment decision. "Profiling, is what companies, exchanges and markets in Asean need. We have competitive companies, good products and services but our markets are not enjoying the international profiling and positive image and perception that companies in the developed markets are getting.
Yusli said that many if not all jurisdictions have their respective and relevant rewards, subjected to various guidelines and criteria in acknowledging good governance, exemplary disclosure, leadership and entrepreneurial excellence.
"Whilst these domestic awards are good, perhaps, moving forward, shareholder or investor associations, research houses, audit firms or even media owners in the neighbouring South East Asian countries can come together to establish one regional award to recognise Asean companies not for their compliance to codes and rules but more for demonstrating and practising excellent and exemplary levels of corporate disclosure and corporate best practices.
This will certainly enhance the international profiling of Asean companies and markets - one internationally recognised award, one standard adjudication system across all markets. Yusli added that the government and the exchange is looking at further liberalisation of market access, in promoting liquidity and velocity.
"The decision by government to allow five foreign brokers and five global fund managers to enter our market will undoubtedly enhance competition and promote value added services for the benefit of investors and industry. To boost liquidity, we are also actively marketing and promoting the exchange and services and enhancing the quality of listed companies.
Bursa's other focus areas are enhancing revenues by enhancing products and services and achieving operational scale and efficiency.
In closing, Yusli congratulated SIAS on another successful Investors' Choice Awards and invited investors in Singapore to grow their investments with Bursa Malaysia.
"I invite all investors and fund managers in Singapore to take a closer look at Bursa Malaysia as your next investment destination," Yusli said.
