The purpose of this study is to investigate the status of risk disclosure practices among
Malaysian companies. In this endeavor, it focuses on the narrative part of the annual
report since indications from an earlier study have shown that most of the disclosures
are qualitative in nature and concentrated in the chairman’s statement (Amran, 2006).
As confirmed by the descriptive analysis discussed above, the majority of the
companies chosen for this study do disclose their risk information in the chairman’s
statement. This is in compliance with the ruling of the Bursa Malaysia alluded to
earlier. However, this study also found some indications of extra effort in providing
separate sections entitled Management, discussion, and analysis and operation review
to discuss risk management