Chairman's Message |
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In addition, there are risks attached to this bold strategy, and I am sure we will be tested at times. However, financial markets will all be considering how best to make themselves attractive so that they can take full advantage when investor confidence begins to re-emerge. To be defensive now would leave us lagging behind at that crucial moment. Playing "catch-up" and rebuilding relevance is seldom an easy task. It would translate, at best, into delayed recovery in our overall performance. We have a first rate management team in place at Bursa Malaysia, one which is working tirelessly to build products, key relationships, infrastructure and support systems needed for success. They are tackling the current challenges with tremendous commitment, and enjoy the Board's unwavering support. We have attempted to set standards for corporate governance (CG) as a model Public Listed Company (PLC) and, this year, our efforts were rewarded. In April, Bursa Malaysia was recognised as one of the five best companies in Asia/Pacific and Africa in the area of CG practices by the Investor Relations Global Rankings (IRGR) 2008. In November 2008, for the third consecutive year since 2006, we took second position in the Overall Excellence for CG category awarded by the Minority Shareholder Watchdog Group (MSWG). We have also built a good record of performance in terms of improved market depth, creativity in product development and better market efficiencies. We have also worked together with policy makers and regulators in support of the national agenda. The resolve of the Board and Management which carried us this far is unabated and allows me to face with confidence whatever trials the future may bring. It has been the root of our intention to deliver commendable returns to you, our shareholders, and we remain tightly focused on that as an overriding objective.
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