Public accountability and transparency have been the hallmarks of Nirvana Asia Group’s management philosophy.
Public accountability and transparency have been the hallmarks of Nirvana Asia Group’s management philosophy. As a firm believer that his bereavement care business carries with it strong communal undercurrents and social redemption values, Group MD Dato’ Kong sees it befitting that Nirvana Asia Group volunteers to subject its books to close scrutiny and continuous surveillance by reputable and independent third-party financial experts. The objective and impartial assessments made by these analysts are made public in verbatim through media announcements.
Nirvana Asia Group was rated AA3 long term and P1 short term by Rating Agency Malaysia Berhad. Beside a financial score, these ratings reflect RAM’s composite opinion on the overall business prospects, market position, operating efficiency and management competency of the Group. As of 31st May 2001, there were only 13 non-utility companies rated by RAM in the coveted stand-alone AAA/AA category.
In 2005, the same ratings held true : AA 1 long term and P1 short term.
To further promote corporate governance, Nirvana Asia Group appointed internationally affiliated actuary firm, William M. Mercer Zainal Fraser Sdn Bhd to assist in managing the Group’s cash flow and payment default risks. At the same time, BHLB Trustees Berhad was empowered to invest funds deposited with them on a fully independent basis.