New CEO Jalil buys 1.4% stake in BCorp

Jalil Rasheed: “I took on this group CEO role to undertake a transformation of BCorp. In my years of experience, projects of this magnitude are best achieved when the leader is well-incentivised and aligned with all minority shareholders. Being a shareholder and CEO will allow me to execute changes with the right incentive in place."

KUALA LUMPUR: Newly-appointed Berjaya Corp Bhd (BCorp) group chief executive officer Abdul Jalil Abdul Rasheed has acquired 70 million BCorp shares, amounting to a 1.4% stake in the company.

He bought the shares at 28 sen each.

The company said the acquisition by Jalil signified good corporate governance, whereby as group CEO and minority shareholder, he would act in the best interests of the company and chart the best path to transform the group into a high performing organisation, enhancing value for its shareholders.

“I took on this group CEO role to undertake a transformation of BCorp. In my years of experience, projects of this magnitude are best achieved when the leader is well-incentivised and aligned with all minority shareholders. Being a shareholder and CEO will allow me to execute changes with the right incentive in place.

“It is also a vote of confidence in the company, and addresses the seriousness of this institutionalisation phase we are undertaking, ” said Jalil.