ARA 2018 – Silver Award
20 June 2018 – CMS’ Annual Report 2016 received the Silver Award at the Australasian Reporting Awards (ARA) held in Sydney recently.
ARA provide organisations that produce annual reports the opportunity to benchmark their reports against world best practice. CMS was amongst companies in the region who met demanding ARA criteria, while providing satisfactory coverage and presenting quality disclosures.
Dato Isaac Lugun, CMS’ Group Chief Executive Officer – Corporate said, “Our report captures the accomplishments and challenges of that particular year and provides a record of our corporate journey as we progress towards our vision. We are pleased that our publication has met the standards of this international level award and hope that we will achieve even higher-level awards in the future.”
“As a company listed on the main board of Bursa Malaysia, we are bounded by the regulated disclosure requirements of Securities Commission Malaysia.
These prestigious awards have been organised for over 60 years and are administered by Australasian Reporting Awards Limited, an independent non-profit organisation run by volunteer professionals from the business, government and non-profit sectors. They are supported by various professional bodies concerned with the quality of financial and business reporting and is sponsored by the highly regarded CPA Australia.
This award marks CMS’ first international recognition for its annual report.
“The evaluation of the annual reports is largely based on the quality and quantity of information disclosed to allow informed decisions by stakeholders. It demonstrates transparency, good corporate governance practices by the Board and Management of CMS.