Public Bank contributed RM60,000 to the National Award for Management Accounting (NAfMA) 2010, making it the main sponsor of the Award programme for the seventh consecutive year since its inception in 2004.

NAfMA which is organized by the Malaysian Institute of Management (MIA) and The Chartered Institute of Management Accountants (CIMA) is aimed at recognizing organization which adopts best practice management accounting.

Managing Director of Public Bank, Tan Sri Dato' Sri Tay Ah Lek presented the cheque to Mr. Yeo Tek Ling, Chairman of NAfMA Organising Committee at Menara Public Bank today.

In his speech at the presentation ceremony Tan Sri Tay said, "In initiating the National Award for Management Accounting or NAfMA, MIA and CIMA are playing an important function as 'corporate integrity watchdogs'; recognising organisations with high standards of corporate governance and which adopt the highest ethical and professional standards in management accounting practices."

He also said, "Our Chairman, Tan Sri Dato' Sri Dr. Teh Hong Piow has always been a strong proponent of good corporate governance, best practices and integrity. As such, NAfMA is an award very much close to his heart. That Tan Sri Chairman walks his talk is also evident in many awards that Public Bank has received through the years. For this year alone, Public Bank has todate received 17 awards."

"Corporate governance is a benchmark of quality companies and this has not changed even in the new economy. Indeed, with the financial landscape becoming more sophisticated, there is even more of a need to remain faithful to the tried and true values of transparency, governance and accountability."

Other working partners in NAfMA include CIMA-UiTM, sAsian Management Accounting Research Centre and the National Productivity Centre. This Award promotes the use of management accounting by local and multinational organisations in the quest for greater corporate excellence.

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Tan Sri Tay Ah Lek (right) presenting the mock cheque to Mr. Yeo Tek Ling, Chairman of NAfMA Organising Committee

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