KUALA LUMPUR – Despite being investigated over its workers' housing conditions, Top Glove Corp Bhd was honoured at The Edge Billion Ringgit Club (BRC) yesterday.
The rubber glove manufacturing giant won the Highest Returns to Shareholders Over Three Years’ Award for companies worth more than RM40 billion.
Top Glove was previously honoured in the awards in 2017 (Highest Growth in Profit After Tax Over Three Years’ silver award) and in three categories in 2018 (Highest Return on Equity over Three Years, Highest Growth in Profit After Tax Over Three Years, and Highest Returns to Shareholders Over Three Years).
Top Glove executive chairman Tan Sri Lim Wee Chai said: “We are very honoured to be receiving this recognition in The Edge BRC 2020, which is a testament to our business growth and value to shareholders.
“This victory, of course, would not have been possible without the dedication and hard work of our 21,000-strong workforce, and the faith that our shareholders have in their investment into our growth.”
Just a week ago, the Labour Department opened 19 investigation papers into Top Glove for failing to comply with the Workers' Minimum Standard of Housing and Amenities Act 1990 (Act 446).
This comes after mass Covid-19 infections among its workers in Meru, Klang in recent weeks.
The department conducted simultaneous operations on the company’s worker accommodations in five states – Perak, Kedah, Kelantan, Negri Sembilan and Johor – on November 26.
Other violations include dense accommodation and hostels, poor ventilation and living conditions.
Under Act 446, employers found guilty face a maximum fine of RM50,000 for each offence.
Top Glove has 47 factories, of which 41 are in Malaysia. – The Vibes, December 9, 2020
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