Change In Boardroom - Datuk Abdul Malek Bin Abdul Aziz

Back May 08, 2023
Date of change 05 May 2023
Name DATUK ABDUL MALEK BIN ABDUL AZIZ
Age 85
Gender Male
Nationality Malaysia
Designation Independent Director
Directorate Independent and Non Executive
Type of change Resignation
Reason

Due to his tenure as an Independent Non-Executive Director has exceeded the nine-year term limit to be in line with Practice 5.3 of the Malaysian Code on Corporate Governance
Details of any disagreement that he/she has with the Board of Directors No
Whether there are any matters that need to be brought to the attention of shareholders No

Qualifications

No
Qualifications
Major/Field of Study
Institute/University
Additional Information

 

Working experience and occupation
Family relationship with any director and/or major shareholder of the listed issuer
Any conflict of interests that he/she has with the listed issuer
Details of any interest in the securities of the listed issuer or its subsidiaries




Remarks :

Datuk Abdul Malek Bin Abdul Aziz ("Datuk Malek") was appointed as an Independent Non-Executive Director of the Company on 19 September 2012. Therefore, he has served the Board in that capacity for a cumulative term of more than nine (9) years. At the Seventeenth Annual General Meeting of the Company held on 28 March 2022, Datuk Malek was retained to continue to serve as an Independent Non-Executive Director of the Company.

In line with Practice 5.3 of the Malaysian Code on Corporate Governance that was issued on 28 April 2021 ("MCCG") where the tenure of an independent director shall not exceed a term limit of nine (9) years unless justifications are provided and annual shareholders' approval is sought through a two-tier voting process as described in the MCCG, Datuk Malek has indicated his intention to step down as an Independent Non-Executive Director of the Company as his tenure as an Independent Non-Executive Director of the Company has exceeded the nine-year term limit.

 

Announcement Info

Company Name CYPARK RESOURCES BERHAD
Stock Name CYPARK
Date Announced 08 May 2023
Category Change in Boardroom
Reference Number C03-08052023-00012