For Immediate Release
 
11 December 2009

Chairman of Public Bank Lauds Minority Shareholder Watchdog Group ("MSWG") for Launching Malaysian Corporate Governance Index

The Founder and Chairman of Public Bank, Tan Sri Dato' Sri Dr. Teh Hong Piow, congratulated the MSWG for launching the Malaysian Corporate Governance ("MCG") Index, a premier index for investors to gauge corporate governance levels of public listed companies in Malaysia. The MCG Index, an MSWG initiative, is an extension of MSWG's corporate governance survey collaboration with Nottingham University Business School ("NUBS") in 2004 - 2008.

Tan Sri Teh expressed pride that Public Bank had won the Overall Excellence Award and the Best AGM Conducted in 2009 Award under the MCG Index 2009, especially as Public Bank had been ranked No. 1 for 4 consecutive years in the MSWG - NUBS corporate governance surveys conducted in 2004 - 2008.

He said that the Overall Excellence Award is testimony to Public Bank's strong corporate culture inculcated in the staff with everyone delivering as a team.

Tan Sri Teh said that excellent corporate governance is essential to good business performance, and the Board, Management and staff of Public Bank will remain steadfast and committed in ensuring the highest level of corporate governance at Public Bank so that the interest of investors and all other stakeholders are well taken care of.

Y.Bhg. Tan Sri Dato' Sri Dr. Teh Hong Piow
Founder & Chairman of Public Bank

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