Supermax denies Stanley Thai wanted daughter out because of RM211 million jet FMTNews FMTBusiness
Supermax Corp Bhd founder Stanley Thai wanted his daughter Cecile Jaclyn to step down from the board with effect from Dec 8, 2021.
Supermax director Ting Heng Peng confirmed that Stanley had indeed stated his intention for Cecile, who was then executive director, to step down from the board with effect from Dec 8, 2021. “It goes without saying that having too many executive directors with overlapping roles would not be ideal in terms of corporate governance,” Ting said.
“Without an executive role, it was clearly untenable for her to remain as an ED and the board had no other option but to take the decision to re-designate her accordingly.
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