Focus on directors’ fees


Chairman FGV, Datuk Wira Azhar Abdul Hamid ( centre ) during the FGV Holdings Berhad 11th Annual Genaral Meeting (AGM) at TM Convention Centre. NORAFIFI EHSAN / The Star

Corporates on Bursa Malaysia have seen a cut in director’s remuneration but the decision by shareholders of FGV Holdings Bhd to reject resolutions approving the payment of fees to the company’s directors is seen as unprecedented.

Felda, the Armed Forces Board (LTAT) and Koperasi Permodalan Felda Malaysia Bhd (KPF), which are the major shareholders of FGV, threw uncertainty in the air and the ongoing turnaround plan for the ailing diversified plantation group.

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