Share this article Governance Bodies BURSA AND FTSE4GOODBursa Malaysia and FTSE4Good have taken various steps to promote sustainable practices amongst the listed issuers. In order to encourage the listed issuers in Malaysia to further enhance their sustainability reporting, Bursa Malaysia had launched the CSR guidelines and sustainability portal in 2015. PDB had successfully improved its Environmental, Social and Governance (ESG) rating and is now a FTSE4Good constituent starting December 2015. With this recognition from Bursa Malaysia and FTSE4Good, PDB has proven to be a responsible corporate citizen to its shareholders.MINORITY SHAREHOLDERS WATCHDOG GROUPThe Minority Shareholder Watchdog Group (MSWG) was established as a government initiative in the year 2000 as part of a broader capital market framework to protect the interest of minority shareholders through shareholder activism. It is one avenue of market discipline to encourage good governance amongst public listed companies with the objective of raising shareholder value over time. Over the years MSWG has evolved into an independent research organisation on corporate governance matters. MSWG provides a platform and a collective voice to both retail and institutional minority shareholders, and it advises on voting at general meetings of public listed companies. This has been the first step towards encouraging shareholder activism without recourse to the courts.CREDIT RATING - MARC RATINGMARC has assigned final rating of MARC-1/SAAAIS to PDB's Islamic Commercial papers and IMTN Programme (Sukuk Programme) to up to RM2.0 billion under the Islamic principle of Murabahah with a stable outlook. The affirmed ratings are equalised to the ratings of PETRONAS on which MARC maintains a public information ratings of AAA/MARC-1/Stable.