FGV shareholders reject directors’ fees

Chairman FGV, Datuk Wira Azhar Abdul Hamid ( centre ) together with Group Chief Financial Officer FGV, Datuk Mohd Hairul Abdul Hamid ( left) and Group Chief Executive Officer FGV, Datuk Haris Fadzilah Hassan ( right) during the FGV Holdings's 11th Annual Genaral Meeting (AGM) at TM Convention Centre. NORAFIFI EHSAN / The Star

KUALA LUMPUR: In an unprecedented move, the major shareholders of FGV Holdings Bhd – the Federal Land Development Authority (Felda), the Armed Forces Fund Board (LTAT) and Koperasi Permodalan Felda Malaysia Bhd (KPF) – gunned down resolutions pertaining to the fee payment of its board members at the company’s AGM held here yesterday.

Felda owns about 33.6% in FGV, followed by KPF with 5% and LTAT with 1.25%.