DRIVING VALUE
Like

NACRA Organisers Announce Revisions for National Annual Corporate Report Awards (NACRA) 2020 Due to COVID-19 Impacts

May 28, 2020
354 Views
0 Comments
2 minutes read
NACRA Organisers Announce Revisions for National Annual Corporate Report Awards (NACRA) 2020 Due to COVID-19 Impacts

The COVID-19 crisis and related restrictions are creating an unprecedented and very challenging landscape for organisations in all sectors. Despite these challenges, NACRA will continue with its advocacy to promote and recognise excellence in corporate reporting in 2020, given the pivotal role NACRA plays in support of the capital market.

However, changes will need to be made in this year’s NACRA to reflect the new normal and to manage the impacts arising from the COVID-19 crisis and new social distancing norms.

The following are the changes to note as announced by NACRA joint organisers Bursa Malaysia Berhad (Bursa), the Malaysian Institute of Accountants (MIA) and The Malaysian Institute of Certified Public Accountants (MICPA):

  • Extension of submission deadline – The submission deadline has been extended from 29 May 2020 to 15 July 2020, in parallel with the extension of time granted by Bursa on the filing of annual reports with financial year-ends of 31 December 2019 to 30 June 2020 (please click HERE for Bursa Malaysia’s media release).
  • Revision of participation fee – The participation fee is revised as follows:

The revised participation fee will be wholly used to meet the costs arising from the adjudication process. Please note that in previous years, the NACRA participant fee included one standard table at the awards presentation dinner but this charge will be omitted for 2020 as the dinner has been cancelled due to adherence with COVID-19 SOPs (see below).

  • Cancellation of the NACRA 2020 Awards Presentation Dinner – As noted above, the NACRA 2020 Awards Presentation Dinner is CANCELLED due to the practice of social distancing and prohibitions on mass gatherings as announced by the Government. The NACRA 2020 winners and results will be announced via an alternative platform at a later date.

The revised NACRA 2020 brochure and entry form can be obtained HERE

For more information about NACRA 2020, please contact the NACRA Secretariat at [email protected].