Wahid: Regulators can’t join boards of industries they oversee


Wahid speaking at a session at the Malaysia

KUALA LUMPUR: There are already specific guidelines that prohibit regulators from taking board seats in companies that are involved in industries they oversee, according to Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar.

“We do not have that anymore in Telekom Malaysia Bhd and it should be applied to others (public-listed companies or PLCS) as well,” he said.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Wahid Omar , MAHB , Air Asia

   

Next In Business News

Powering on data centres
Medical insurance premiums on the rise
Kelington to reap the benefits of a diversified business strategy
Rising data centre ability
Making scents of success
Investors brace for 5% Treasury yields
Are there too many GPs and is the healthcare system overwhelmed?
Sapura Energy takes a step to turn the tide
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Singapore’s growth trajectory remains intact

Others Also Read