As the premier investment institution in Malaysia, PNB adheres to the highest level of governance and strives to engage its investee companies and key stakeholders in generating sustainable long-term value creation.
Investee companies in which PNB and the unit trust funds under its management holds a majority or single largest stake are classified as Strategic companies, while companies with more than 10% stake or more than RM1 billion in value are classified as Core companies.
As one of the largest institutional investors, PNB exercises its stewardship responsibilities to ensure its investee companies practise good corporate governance to deliver sustainable long-term shareholder value. PNB has taken steps to increase transparency, leading towards greater accountability, while ensuring all decision-making is carried out objectively, and that relevant governance issues are addressed accordingly.
The PNB Stewardship Framework was published to share and provide an understanding of PNB's investment stewardship philosophy and expectations to its investee companies, the investing public and the general market. The PNB Stewardship Framework complements the existing Strategic Investments Framework which guides PNB in playing its role as an active shareholder to add value and transform the performance of its investee companies.
Being a member of the Institutional Investor Council Malaysia (IIC), together with other institutional investors, PNB supports IIC’s agenda in promoting effective stewardship responsibilities and good governance practices and became the signatories of the Malaysian Code for Institutional Investors.
PNB applies the following corporate governance principles and voting guidelines in monitoring the conduct of its investee companies which also serve as guidelines in exercising its voting rights at the general meetings. For more information, click here Voting Guidelines of PNB and MCII Compliance statement of PNB.