Penang Deputy Chief Minister II Jagdeep Singh Deo stepped down from his position as a director at PBA Holdings Bhd (PBAHB) due to insufficient attendance.
GEORGE TOWN: Penang Chief Minister Chow Kon Yeow said that Deputy Chief Minister II Jagdeep Singh Deo had 'vacated' his post as a non-independent and non-executive director of PBA Holdings Bhd ( PBAHB ) after failing to meet attendance requirements.
'It is under Bursa Malaysia's requirement that when any director fails to achieve the minimum attendance over a financial year, the company secretary would need to lodge a report that the said director is deemed to have vacated for failing to comply with attendance requirement.'As a director of a listed company, each one must be aware of their respective responsibility,' Chow told reporters on Wednesday (Jan 1).Asked if the seat would be filled soon, Chow said no.PBAHB is the parent company of the Penang Water Supply Corporation (PBAPP), which treats and supplies water in the state and that Chow is the chairman of it. The board comprises 11 other members, which conventionally includes the state’s two deputy chief ministers. It was reported that 53-year-old Jagdeep, who is Datuk Keramat assemblyman and Penang human capital development, science, and technology committee chairman, had vacated the seat with immediate effect on Tuesday
BUSINESS GOVERNMENT ATTENDANCE DIRECTORS PBAHB
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