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...
| Main Authors: | , |
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| Format: | Bulletin |
| Language: | English |
| Published: |
Focus Malaysia
2016
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| Subjects: | |
| Online Access: | http://umpir.ump.edu.my/id/eprint/14399/1/Independent-Directors-Little-boardroom-dissent.pdf |
| _version_ | 1796991558273204224 |
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| author | Cheah, Chor Sooi Hasnah, Haron |
| author_facet | Cheah, Chor Sooi Hasnah, Haron |
| author_sort | Cheah, Chor Sooi |
| collection | UMP |
| 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. |
| first_indexed | 2024-03-06T12:07:15Z |
| format | Bulletin |
| id | UMPir14399 |
| institution | Universiti Malaysia Pahang |
| language | English |
| last_indexed | 2024-03-06T12:07:15Z |
| publishDate | 2016 |
| publisher | Focus Malaysia |
| record_format | dspace |
| spelling | UMPir143992016-09-19T03:54:58Z 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 |
| spellingShingle | HF Commerce Cheah, Chor Sooi Hasnah, Haron Little Boardroom Dissent |
| title | Little Boardroom Dissent |
| title_full | Little Boardroom Dissent |
| title_fullStr | Little Boardroom Dissent |
| title_full_unstemmed | Little Boardroom Dissent |
| title_short | Little Boardroom Dissent |
| title_sort | little boardroom dissent |
| topic | HF Commerce |
| url | http://umpir.ump.edu.my/id/eprint/14399/1/Independent-Directors-Little-boardroom-dissent.pdf |
| work_keys_str_mv | AT cheahchorsooi littleboardroomdissent AT hasnahharon littleboardroomdissent |