Bursa Malaysia And Malaysian Institute Of Integrity's Joint Dialogue Showcases Best Practices In Corporate Social Responsibility

Bursa Malaysia, in collaboration with Malaysian Institute of Integrity, will be showcasing two successfully implemented Corporate Social Responsibility (CSR) case studies from YTL Corporation Berhad and Standard Chartered Bank at the Bursa Malaysia - Malaysian Institute of Integrity Corporate Breakfast Dialogue which will be held on 26 July 2007. This dialogue series, jointly organised throughout the year by Bursa Malaysia and the Malaysian Institute of Integrity, engages with captains of the various industries with the aim to foster the exchange of best practices, knowledge and ideas towards improving CSR, governance and integrity issues in the business community.

YTL Corporation Berhad will be sharing its experience in developing an effective CSR framework suitable for an infrastructure developer with a diverse range of utility, cement, construction, property development, hotel and IT businesses operating in Europe and the Asia-Pacific region. YTL Corporation Berhad is very much focused on developing CSR initiatives most relevant to the different and unique stakeholders in each of these businesses and regions of operations.

Standard Chartered Bank’s case study will focus on how CSR is key to business sustainability.  In generating value for its shareholders, Standard Chartered Bank continuously seeks views of a wide range of stakeholders in key markets to ensure that the company understands the key risks, impact and market opportunities it has in promoting sustainable development.

Dato’ Yusli Mohamed Yusoff, Chief Executive Officer of Bursa Malaysia Berhad said the best practices to be featured in the dialogue were selected for their exemplary illustration of how CSR can be embedded into a company’s business model.

“In the business community, CSR goes beyond the philanthropic acts of goodwill towards the community at large, but also critically encompasses how businesses are run with regards to business ethics, corporate governance, socially responsible investing, environmental sustainability and community investment. CSR is not about how a company spends money.   It is about how the company makes money.”  

The exchange has been instrumental in leading the voluntary adoption of CSR as essential company practice and launched a CSR Framework for PLCs last year.  The CSR Framework acts as a guide in outlining the core areas companies can consider in the adoption of CSR.  These areas are the environment, the community, the workplace and the marketplace.

Datuk Dr. Mohd Tap Salleh, President of Malaysian Institute of Integrity will be presenting his views on “IIM – CSR Overview – National Integrity Plan”. Meanwhile, Tan Sri Mohd Sidek Bin Haji Hassan, Chairman of Malaysian Institute of Integrity praised Bursa Malaysia’s CSR framework and encouraged more companies to voluntarily come forward and engage in CSR framework.

“The launch of the Malaysian Institute of Integrity Publication, “Corporate Social Responsibility: Our First Look”, and its CSR Rebung Project which took place in May 2007 are examples of documented CSR in action. Both private and public sectors can play a significant role within a complementary CSR agenda,” said Tan Sri Mohd Sidek Bin Haji Hassan.

Bursa Malaysia and the Malaysian Institute of Integrity plan to organise these dialogue sessions regularly which will centre on topical issues.