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KUALA LUMPUR: The board of directors of 1Malaysia Development Bhd (1MDB) had on Thursday morning collectively decided to offer its resignation to MoF Inc., which is the 100% shareholder.
KUALA LUMPUR: The former secretary-general of Treasury Tan Sri Dr Mohd Irwan Serigar Abdullah is no longer on the board of directors of Bank Negara Malaysia with effect from May 14.
THE board of a modern corporation has its precursor in the advent of statutory boards. Statutory boards are creatures of legislation. The corporation has two major organs: (i) the board, and (ii) the shareholders. Before the close of the 19th Century, it was assumed that the supreme body that governs the corporation was the general meeting.
Goldman Sachs Group Inc named insurance executive Mark Edward Tucker as an independent director on Monday, expanding its board to a dozen directors, most of whom are independent.