Cheah, Chor Sooi and Hasnah, Haron (2016) Little Boardroom Dissent. FocusM . pp. 10-12.
|
PDF
Independent-Directors-Little-boardroom-dissent.pdf Download (504kB) | Preview |
Abstract
Early last month, Bank Negara Malaysia mandated that boards of banks have a majority of independent directors who should not serve for more than nine years. At last count, only five of the 10 listed banking groups have a majority of independent directors, and three have equal numbers of independent and non-independent ones. Of the 83 directors, 43 or 52% were independent. So how do listed blue chips compare with the banking groups? Research by FocusM shows that 20 of the boards of the 30 FBMCI companies have a majority of non-independent directors, and only 10 with more independent ones. Overall, only 50%, or 137 of the 274 directors, are independent. Broadly, 51 (18.6%) are executive directors, mostly CEOs and managing directors, and 223 (81.4%) are non-executive directors who are either independent or non-independent.
| Item Type: | Bulletin |
|---|---|
| Uncontrolled Keywords: | Board of directors; Bank Negara Malaysia |
| Subjects: | H Social Sciences > HF Commerce |
| Faculty/Division: | Faculty of Industrial Management |
| Depositing User: | Noorul Farina Arifin |
| Date Deposited: | 19 Sep 2016 03:54 |
| Last Modified: | 19 Sep 2016 03:54 |
| URI: | http://umpir.ump.edu.my/id/eprint/14399 |
| Download Statistic: | View Download Statistics |
Actions (login required)
 |
View Item |