On Friday, 2 October, Datuk Seri Johari Abdul Ghani accepted the Excellence Award for Corporate Governance (CG) Disclosure from an independent research organisation on corporate governance matters
The Excellence Award for Corporate Governance Disclosure was given by the Minority Shareholder Watchdog Group (MSWG) under the MSWG-Asean Corporate Governance Awards 2019.
Johari, who has served as the second finance minister from 2016 to 2018 under the previous Barisan Nasional (BN) administration, was a member of Parliament (MP) for Titiwangsa from 2013 to 2018.
He accepted the award on behalf of KUB Malaysia Berhad and C.I. Holdings Berhad (CI Holdings).
Johari is the chairman of KUB Malaysia, in which he is the largest shareholder with a controlling stake of 32.96%. He is also the largest shareholder in CI Holdings with a controlling stake of 32.72%.
Datuk Seri Johari Abdul Ghani (middle) receiving the award from MSWG chief executive officer Devanesan Evanson (right).
Image via The Malaysian Reserve
While KUB Malaysia was ranked first in the CG Disclosure, CI Holdings was honoured under the Long Term Value Creation category
MSWG chief executive officer (CEO) Devanesan Evanson said that KUB Malaysia and CI Holdings were two of the 35 public listed companies (PLC) recognised for the awards.
According to him, with a total of 866 PLCs assessed through the ASEAN CG Scorecard methodology, KUB Malaysia and CI Holdings were in the top 4% of the Corporate Governance Awards 2019.
KUB, which mainly engages in liquefied petroleum gas (LPG) business, reported a favourable performance in its financial year 2020, recovering from the losses it made last year, according to The Malaysian Reserve.
Meanwhile, CI Holdings, which mainly engages in packaging edible oil, saw a jump in its revenue during the fourth quarter by 72% to RM744.69 million compared to RM432.81 million a year ago.
Johari was appointed as KUB Malaysia’s chairman last year
He is also a director of CI Holdings.
He has more than 25 years of experience In the corporate sector and is a qualified Chartered Accountant.
A post shared by Johari Abdul Ghani (@joharighani_ttw) on Sep 30, 2020 at 8:27am PDT
The 56-year-old leader is a philanthropist and often hands out financial aids and assistance to help the low-income families and students
A post shared by Johari Abdul Ghani (@joharighani_ttw) on Sep 6, 2020 at 10:54pm PDT