Globaltec Formation Publishes FY2026 Corporate Governance Report
Bitget2026/10/30 00:56- Globaltec Formation disclosed departures from board leadership separation, independence and gender diversity standards in its governance report for the year ended June 30, 2026.
- The executive chairman remains acting CEO of the resources segment while a suitable candidate is sought.
- Chen Heng Mun became deputy group CEO on October 1, 2026, providing a second point of executive authority.
- Following Wong Zee Shin's retirement at the forthcoming annual meeting, independent directors will hold three of eight board seats, below the half-board target.
- Women will represent 12.5% of the eight-member board, short of the 30% benchmark.
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