Lya Rahman is currently the Adviser to the Institutional Investors Council of Malaysia (IIC) and is the former general manager of the Minority Shareholders Watch Group
THE FGV Holdings Bhd
’s EGM held on Nov 27 can be best likened to an “all’s well that ends well” saga.
In a twist of fate, the company’s shareholders gave a resounding nod to all six resolutions relating to the payment of fees and benefits of its chairman and non-executive directors – with an approval rate of 99.96% – after having vehemently voted against resolutions entailing RM2.55mil in directors’ fees for the financial year ended Dec 31,2018 and RM1.18mil for non-executive directors for the period from June 26,2019 until the company’s next AGM, five months earlier.
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