KUALA LUMPUR: Bursa Malaysia Bhd has today launched the Bursa Research Incentive Scheme (Bursa RISE) which aims to improve the trading velocity and corporate profile of participating public-listed companies (PLCs).

       Carried out by licensed research houses, the programme’s goal is to create a better appreciation of the PLC’s fundamentals, leading to better value recognition for the companies.

       “Bursa RISE is an initiative in line with the evolving capital market landscape where investors seek greater stakeholder engagement and more transparent communication,” chief executive officer Datuk Muhamad Umar Swift said in a statement.

       “With the increasing emphasis on sustainable practices, I believe Bursa RISE will help participating PLCs raise the bar in corporate governance, transparency and disclosure through more frequent and meaningful stakeholder engagements,” he added.

       The programme also includes the investor relations (IR) and public relations (PR) incentive programme, which provides IR and PR support to participating PLCs to enable better engagement with their stakeholders, shareholders, the investment community, the media and the public more effectively.

       Bursa RISE complements and supports the PLC Transformation programme which has the objective of encouraging PLCs to be more transparent in their performance, allowing investors to gain better insight to facilitate informed investment decision making.

       Sixty participating PLCs were selected based on a set of quantitative and qualitative criteria. The research reports produced under Bursa RISE will be available at Bursa Marketplace.