2017

Annual Report 2017

List of signatories

List of signatories

 

1
Aberdeen Standard Investments (Malaysia) Sdn Bhd (August 2014)
2
Affin Hwang Asset Management Berhad (March 2017)
3
AIIMAN Asset Management Sdn Bhd (March 2017)
4
AmanahRaya Investment Management Sdn Bhd (January 2021)
5
AmFunds Management Bhd (April 2021)
6
AmIslamic Funds Management Sdn Bhd (April 2021)
7
Amundi Aalam Sdn Bhd (March 2021)
8
Amundi Malaysia Sdn Bhd (March 2021)
9
BNP Paribas Asset Management Malaysia Sdn Bhd (December 2014)
10
BNP Paribas Asset Management Najmah Malaysia Sdn Bhd (December 2014)
11
Eastspring Al-Wara’ Investments Bhd (March 2021)
12
Eastspring Investments Bhd (January 2021)
13
Employees Provident Fund (January 2017)
14
Franklin Templeton Asset Management (Malaysia) Sdn Bhd (July 2020)
15
Franklin Templeton GSC Asset Management Sdn Bhd (July 2020)
16
Kenanga Investors Berhad (October 2017)
17
Kenanga Islamic Investors Berhad (October 2017)
18
Khazanah Nasional Berhad (January 2017)
19
Kumpulan Wang Persaraan (Diperbadankan) (October 2015)
20
Lembaga Tabung Angkatan Tentera (July 2020)
21
Lembaga Tabung Haji (August 2020)
22
Nomura Asset Management Malaysia Sdn Bhd (April 2017)
23
Nomura Islamic Asset Management Sdn Bhd (April 2017)
24
Permodalan Nasional Berhad (September 2019)
25
Pertubuhan Keselamatan Sosial (PERKESO) (June 2017)
26
Pheim Asset Management Sdn Bhd (February 2021)
27
Principal Asset Management Berhad (May 2018)
28
Principal Islamic Asset Management Sdn Bhd (May 2018)
29
RHB Asset Management Sdn Bhd (August 2020)
30
RHB Islamic International Asset Management Bhd (August 2020)
31
Saturna Sdn Bhd (October 2020)
32
Singular Asset Management Sdn Bhd (August 2019)
33
Valuecap Sdn Bhd (December 2015)
34
VCAP Asset Managers Sdn Bhd (June 2018)
35
Hermes Equity Ownership Services (July 2014)
36
Hermes Fund Managers (July 2014)
37
Legal & General Investment Management (November 2014)

 

Institutional investors are encouraged to be signatories of the MCII.
Click here to download the Signatory Form

The process for signing up are as follows:

 

1
Complete the Signatory Form
2
The form to be signed by the Authorised Signatory for your organisation
3
E-mail the completed form to iicmsecretariat@mswg.org.my
4
Once you have submitted your form(s) it will be reviewed by the Secretariat. You will receive an official welcome message confirming your status as a signatory within seven (7) working days. The primary contact shall receive all signatory-related communications. Communication preferences and contact details can be updated by informing the Secretariat.
For any enquiry please contact IIC Secretariat at 03-2070 9090 or email to iicmsecretariat@mswg.org.my

Compliance Statements

Compliance Statements

The responsibilities of the signatories are outlined under the Application and Reporting Section of the MCII. Primarily, signatories are expected to explain how they have applied the principles of the MCII and report annually on the application of the principles of the MCII in their website, annual report or in other accessible forms.

Compliance Statements Published By Signatories:

1. Employees Provident Fund
2. Kumpulan Wang Persaraan (Diperbadankan)
3. Legal & General Investment Management
4. Nomura Asset Management Malaysia Sdn Bhd
5. Nomura Islamic Asset Management Sdn Bhd
6. Khazanah Nasional Berhad
7. Affin Hwang Asset Management Berhad
8. AIIMAN Asset Management Sdn Bhd
9. Aberdeen Standard Investments (Malaysia) Sdn. Bhd
10. Social Security Organisation
11. Permodalan Nasional Berhad

Investor Stewardship and Future Key Priorities Report 2016

Investor Stewardship and Future Key Priorities Report 2016

The report on Investor Stewardship and Future Key Priorities is a collaborative effort among the Institutional Investors Council Malaysia (IIC) members. The Council Members provided the overall strategic direction for the formulation of the report while the Working Group provided relevant feedback.

The report outlines the current state of play of institutional stewardship in Malaysia, the level of engagement undertaken by its member organisations and the observations on the corporate governance of the investee companies. The report concludes with the strategic priorities of the IIC for the next five years (2016-2020).

The Report comprises five chapters:

· Investor Stewardship Developments: A Global Overview
· State of Play on Institutional Stewardship in Malaysia
· Stewardship and Engagement
· Observations on the CG of Investee Companies
· Strategic Priorities (2016-2020)

The above chapters will provide readers with an indication of the extent of the stewardship and engagement activities undertaken by institutional investors as well as their observations on corporate governance practices of their investee companies. The findings on stewardship and engagement and the observations on the CG of investee companies were based on a survey of seven member organisations of the IIC, namely Employees Provident Fund, Permodalan Nasional Berhad, Kumpulan Wang Persaraan (Diperbadankan), Lembaga Tabung Haji, Khazanah Nasional Berhad, Pertubuhan Keselamatan Sosial and Aberdeen Asset Management Sdn Bhd. The final chapter concludes with the IIC’s collective view of its strategic priorities for the next five years.

 

Malaysian Code for Institutional Investors

Malaysian Code for Institutional Investors

The Malaysian Code for Institutional Investors (MCII) was launched jointly by the Securities Commission Malaysia and Minority Shareholders Watch Group (MSWG) on 27 June 2014.

This initiative was one of the recommendations of the Corporate Governance (CG) Blueprint 2011 for the formulation of an industry-driven code that is expected to strengthen the accountability of institutional investors to their own members and investors.  In addition, institutional investors being major players in the global economy have significant influence over their investee companies due to the substantial stake they hold.  This clout can provide them the ability to encourage good governance and appropriate behavior by their investee companies to ensure delivery of sustainable long-term value for their beneficiaries or clients.

The formulation of the MCII was led by MSWG.  This was done through the Steering and the Working Groups.  The members of the Steering Committee comprised CEOs and key representatives from the institutional investors fraternity in Malaysia namely Employees Provident Fund, Kumpulan Wang Persaraan (Diperbadankan), Lembaga Tabung Angkatan Tentera, Lembaga Tabung Haji, Permodalan Nasional Berhad, Pertubuhan Keselamatan Sosial, Malaysian Association of Asset Managers, Malaysian Takaful Association, Private Pension Administrator Malaysia and MSWG.

To provide input and expert opinion, the Expert and Observer Groups were formed. Members of the Expert Group were PricewaterhouseCoopers Malaysia (PwC), Financial Reporting Council United Kingdom (FRC), International Corporate Governance Network (ICGN) and Governance for Owners UK while the Observer Group comprised of Securities Commission Malaysia (SC), Bursa Malaysia Berhad and Organisation for Economic Co-operation and Development (OECD).

Prior to the launch of the MCII, a Joint Consultation Paper with Securities Commission on the Malaysian Code for Institutional Investors was issued in early 2014 to seek public feedback on the MCII.  Various focus groups were also engaged such as the asset management, unit trusts, and insurance companies to obtain feedback on the MCII.

The MCII was a significant milestone not just for MSWG but for the country as well, being the first of such code in the ASEAN region.

The MCII which is voluntary, sets out six broad principles of effective stewardship by institutional investors, followed by guidance to help institutional investors understand and implement the principles.

In addition to economic considerations, the MCII advocates institutional investors to ensure that they invest in a responsible manner by having regard to corporate governance and sustainability of the company.

Institutional investors are encouraged to be signatories of the MCII.