Shareholders push back on NationGate’s family perks

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.