The COVID-19 crisis and related restrictions are creating an unprecedented and very challenging landscape for organisations in all sectors. Despite the 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 21 Dec 2019 to 30 June 2020(Bursa Malaysia’s media release)
Revision of Participation Fee
The participation fee is revised as follows:
|CATEGORY||REVISED FEE (RM)|
|Companies listed on Main Market||5,500|
|Companies listed on ACE market||3,500|
|Non-listed conpanies, Public Sector and other Malaysian Organisation||3,500|
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.
Cancellation 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.
For more information about NACRA 2020, please contact the NACRA Secretariat.