Bursa Malaysia announced on Wednesday (July 5) that it will serve as the single point of reference for investor relations (IR) matters to prevent redundancy and duplication of functions.
In a statement, the exchange said it has assumed the role of Malaysian Investor Relations Association (MIRA), following the discontinuation of the association on July 1.
MIRA was established in 2007 by Bursa Malaysia to develop and enhance IR capabilities of public listed companies (PLCs) through effective communication and the cultivation of stronger relationships between PLCs and the investor community.
Bursa Malaysia said investor relations practitioners or professionals in Bursa Malaysia PLCs, including former MIRA members, can expect further capacity building support and guidance from the exchange to enhance their skills and knowledge.
“Bursa Malaysia is pleased to assume the role previously held by MIRA and looks forward to expanding our efforts in advancing PLCs’ investor relations capabilities and proactiveness, to raise the PLCs’ stature and appeal to investors globally,” said its Chief Executive Officer Datuk Muhamad Umar Swift.
“Investor relations is a strategic function, to importantly communicate in a credible and engaging manner on the company’s performance and growth plans. The exchange is committed to continue providing PLCs and IR practitioners with the necessary knowledge, training or workshops and other essential resources to effectively engage with their shareholders and wider stakeholders,” he added.
In recent years, Bursa Malaysia has spearheaded several initiatives to enhance PLCs’ visibility and accessibility to the investment community through more active investor relations engagements.
“Notable initiatives to elevate best practices from an IR standpoint include the PLC Transformation Program, specifically through Guidebook 3 entitled Strengthening Stakeholder Management & Investor Relations, as well as the Investor Relations and Public Relations Incentive Program,” the exchange said.
- The Edge Markets
