Why the majority of shareholders voted against the resolutions is unknown.
WHILE Nationgate Holdings Bhd
may have been ranked by Fortune as South-East Asia’s fastest-growing company by revenue in 2024, its shareholders did not see this as carte blanche to reward executives due to filial connections.
At its recent AGM in late May, a majority of shareholders voted against the proposal to award share grants and/or share options under the long-term incentive plan (LTIP) to company executives Ooi Xin Ying and Lee See Lun.
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