Matang Publishes 2026 Corporate Governance Report
Bitget2026/10/29 00:05- Matang’s governance report for the year ended June 30, 2026, outlines plans to retain Foong Chee Meng as independent director until August 31, 2027.
- Shareholder approval will be sought at the 12th annual general meeting without two-tier voting, departing from the governance code.
- Foong will subsequently become a non-independent director upon reaching the maximum 12-year term as an independent director.
- The chairman’s membership on the audit and risk management committee and nomination and remuneration committee represents another governance code departure.
- Independent directors currently account for 50% of the six-member board.
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