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Business

LTAT explains decision to oppose FGV directors' fees

KUALA LUMPUR: Lembaga Tabung Angkatan Tentera's (LTAT) decision to vote against the FGV Holdings Bhd's directors fees at Tuesday's AGM was to protect the interests of its contributors who are members of the armed forces.

Business

Unmasking the FGV remuneration saga

Comment by Lya Rahman THE recent freeze on the remuneration payout of FGV Holdings Bhd (FGV) directors by its three major and substantial shareholders especially Felda – while is understandable from the perspective of financial performance – also has that tinge of irony resembling “a father/mother disciplining his/her child in public”.

Business

Between FGV and Felda – who needs who more?

The Alternative View by M. Shanmugam A DICHOTOMY of sorts emerged in the shareholders’ meeting of FGV Holdings Bhd.

Business

Short Position

TAN Sri Megat Zaharuddin Megat Mohd Nor lasted only 11 months as chairman of the Federal Land Development Authority (Felda). He was roped in to improve the governance in Felda and resolve its cash-flow problems.

Business Premium

Institutional shareholders flex their muscles

Shareholders, especially institutional ones, are beginning to flex their muscles on the remuneration of boards of directors – something quite rare in corporate Malaysia previously.

Business Premium

Focus on directors’ fees

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.

Analysis

Tensions to rise between PM, Umno

HE had dropped off the radar screen the last six months but Datuk Seri Dr Ahmad Zahid Hamidi has returned with a bang.

Business

Dr Mahathir looks beyond Malaysia's first century

ONE YEAR after a historic regime change, Malaysia’s politics remain a combustible cocktail of sleaze and power lust. At least the economy is on the right track, even if it’s nowhere close to fulfilling its potential.

Business

Short Position

No more fundraising for Boustead?