Daim: Up to Nazir if he wants to resign early


Tun Daim Zainuddin. -Star filepic

KUALA LUMPUR: The Council of Eminent Persons (CEP) is not forcing CIMB Group chairman Datuk Seri Nazir Razak to resign before his contract term ends in August 2019.

CEP chairman Tun Daim Zainuddin (pic) said Nazir’s choice on whether to do so was completely up to him.

“It is up to him; everyone has (to fulfill a) contract. If he wants to step down early, it’s up to him,” he told reporters when asked to comment on a news report that Nazir was prepared to exit the banking group.

Daim was speaking at a media conference after launching the book, Aishah Ghani Srikandi Koperasi Jaya Murni Wanita Bhd (KJMWB), and the co-operative's new logo here yesterday.

Meanwhile, Nazir said in a statement that he had not decided whether to extend his term as CIMB Group chairman, but would step aside if the board and shareholders of the financial services group and Bank Negara would like him to resign early.

The book launched yesterday, which is published by the co-operative, revolves around the struggles of prominent figure, the late Tan Sri Aishah Ghani, who led KJMWB from its formation in 1974 till it became one of the country's most successful and enduring Malay women co-operatives.

On the new logo, KJMWB chairman Armi Zainudin said its introduction was in line with the need to attract new members who would be the next generation leaders, besides appearing dynamic and fresh and projecting the desired stability.

“KJMWB is determined to accelerate its socio-economic activities so it needs to make preparations for the next growth phase, which will be very challenging in terms of the need for capital injection, strong ideas and a committed new crop of leaders,” she added. — Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , Nazir Razak

   

Next In Business News

Ringgit opens higher on 12MP optimism
CGS-CIMB Research retains overweight on utilities
Quick take: AAX falls on record net loss
FBM KLCI stays range-bound as investors digest economic plan
Tenaga's coal-free plans to spur buying interest
Quick take: Handal rises 6% on ExxonMobil contract
Trading ideas: MK Land, Axiata, Straits Energy, Handal
Fed resignations don't blunt calls for broader ethics changes
Why British men don't want to be truckers
EU lawmakers reject attempts to block green investment rules

Stories You'll Enjoy


Vouchers