Majuperak shareholders cut directors’ fees by 50%

Perak Mentri Besar Ahmad Faizal Azumu(filepic) was quoted as saying that the state government had sacked seven executive officers of a GLC for excessive spending. Without naming the company, Ahmad Faizal said the dismissal would save the state RM150,000 a month.

PETALING JAYA: The shareholders of Majuperak Holdings Bhd, a Perak state government-controlled firm, have unanimously voted at the company’s AGM to cut its directors’ fees by half.

They have also voted not to proceed with the proposed payment of benefits totalling RM150,000 to the non-executive directors.