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A way to weed out the undesirables

If FIFA does integrity checks on candidates for key posts, shouldn’t listed companies do the same for directors and top managers? SPORTS is big business. We know that to be true just by looking at how often athletes and officials are caught cheating, and how many sports bodies have been tainted by corruption and intense […]

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Zarinah, Sharifah Sofianny join Petronas board

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has appointed a former regulator and a banker as members of its board in a move seen as strengthening the national oil company. The appointment of Tan Sri Zarinah Anwar and Datuk Sharifah Sofianny Syed Hussain took effect from Aug 7 and today, respectively. The 64-year-old Zarinah was most […]

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Incorrect accounts are the board’s problem

WHEN the accounts of a listed company turn out to be unreflective of the company’s financial performance and position, there are several options for enforcement action. The worst-case scenario (for those responsible for the accounts, that is) is when the regulators take court action that may lead to heavy punishment.   Perhaps the best-known example […]