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Serba loses almost half of its board members, boss Abdul Karim says doing his outmost best to resolve current issues
KUALA LUMPUR: Four independent directors have resigned from Serba Dinamik Bhd over differences with the company over its future plans and its decision to take legal action against the auditor KPMG, which has since resigned.
KUALA LUMPUR: Serba Dinamik Bhd’s decision to formally file legal proceedings against its external auditors KPMG PLC is “most unusual” particularly before the audit is completed, says the Malaysian Institute of Corporate Governance (MICG).
Summary of business stories: EPF e-Payroll, Economic Action Council (EAC) secretariat, Serba Dinamik and Berjaya Corp
KUALA LUMPUR: The Malaysian Institute of Corporate Governance (MICG) states the scope of independent advice to be given by Ernst & Young Advisory Services Sdn Bhd to Serba Dinamik should be limited to issues raised by external auditor KPMG PLT.
The Malaysian Institute of Corporate Governance (MGIC) says Serba Dinamik Holdings Bhd’s response to the dispute between the external auditor has raised serious governance concerns.
IN many parts of the world, shareholders, commentators and regulators are pressing companies to shake up their boards.
IN many companies, there’s a conflict between operating management and the various corporate assurance functions.
Business as usual – keeps things on an even keel. That was the approach in many a boardroom until Covid-19 knocked on the door.