Little Boardroom Dissent

Little Boardroom Dissent

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...

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Bibliographic Details
Main Authors: Cheah, Chor Sooi, Hasnah, Haron
Format: Bulletin
Language:English
Published: Focus Malaysia 2016
Subjects:
HF Commerce
Online Access:http://umpir.ump.edu.my/id/eprint/14399/
http://umpir.ump.edu.my/id/eprint/14399/
http://umpir.ump.edu.my/id/eprint/14399/1/Independent-Directors-Little-boardroom-dissent.pdf
id ump-14399
recordtype eprints
spelling ump-143992016-09-19T03:54:58Z http://umpir.ump.edu.my/id/eprint/14399/ Little Boardroom Dissent Cheah, Chor Sooi Hasnah, Haron HF Commerce 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. Focus Malaysia 2016 Bulletin NonPeerReviewed application/pdf en http://umpir.ump.edu.my/id/eprint/14399/1/Independent-Directors-Little-boardroom-dissent.pdf Cheah, Chor Sooi and Hasnah, Haron (2016) Little Boardroom Dissent. FocusM . pp. 10-12. http://www.minda.com.my/data/2016/09/Independent-Directors-Little-boardroom-dissent.pdf
repository_type Digital Repository
institution_category Local University
institution Universiti Malaysia Pahang
building UMP Institutional Repository
collection Online Access
language English
topic HF Commerce
spellingShingle HF Commerce
Cheah, Chor Sooi
Hasnah, Haron
Little Boardroom Dissent
description 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.
format Bulletin
author Cheah, Chor Sooi
Hasnah, Haron
author_facet Cheah, Chor Sooi
Hasnah, Haron
author_sort Cheah, Chor Sooi
title Little Boardroom Dissent
title_short Little Boardroom Dissent
title_full Little Boardroom Dissent
title_fullStr Little Boardroom Dissent
title_full_unstemmed Little Boardroom Dissent
title_sort little boardroom dissent
publisher Focus Malaysia
publishDate 2016
url http://umpir.ump.edu.my/id/eprint/14399/
http://umpir.ump.edu.my/id/eprint/14399/
http://umpir.ump.edu.my/id/eprint/14399/1/Independent-Directors-Little-boardroom-dissent.pdf
first_indexed 2023-09-18T22:18:06Z
last_indexed 2023-09-18T22:18:06Z
_version_ 1777415473713905664

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