PERAK Corp Bhd saw a major boardroom shuffle, with the resignation of five independent directors, the redesignation of its chairman, and the appointment of a new chairman and an independent director.
In Bursa filings dated July 6, independent non-executive directors Khairul Anuar Musa, Hatim Musa, Mohamed Azni Mohamed Ali, Chong Zhemin, and Ng Shy Ching resigned from their posts on Perak Corp’s board, all citing “to pursue other interests” as the reason for stepping down.
Perak Corp chairman Mohd Ariff Yeop Ishak was also redesignated as a non-independent non-executive director. Taking his place is Eco World Development Group Bhd co-founder Abdul Rashid Abdul Manaf. Appointed as independent non-executive director is Kunasingam V Sittampalam.
The five directors who stepped down were all political appointees. Khairul Anuar was the PKR candidate for Chenderoh, Hatim was the Amanah candidate for Rungkup, Azni was the PKR candidate for Tapah, Chong is the DAP state assemblyperson for Keranji, and Ng is the PKR state assemblyperson for Teja.
Having entered PN17 status on Feb 11, Perak Corp shares were last done then at 37.5 sen. – July 6, 2020
