New chief: Petronas Twin Towers are seen in the background of the national oil and gas company’s logo at a petrol station in Kuala Lumpur. Petronas has recently seen a change of guard in the form of the departure of Tan Sri Shamsul Azhar Abbas at its helm, with the reins being handed over to new CEO Datuk Wan Zulkiflee Wan Ariffin. — AFP
THE importance of having competent and independent directors in listed companies cannot be overstated. It is the most basic tenet that shareholders require of their companies. But now assume that the said company was the largest and richest of all companies in the country and in fact, belonged to all Malaysians.
Naturally the importance of the level of professionalism, values, knowledge, skills and experience of that board should be at the highest level. All Malaysians should be entitled to that.
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