News

Internal Re-Organisation Of The Board Composition In Line With The Practices In The Malaysian Code Of Corporate Governance 2017 ("MCCG 2017")

Back25 Feb 2021

Type	Announcement
Subject	OTHERS
Description	Internal re-organisation of the Board Composition in line with the practices in the Malaysian Code of Corporate Governance 2017 ("MCCG 2017")

The Board of Directors ("BOD") of QL Resources Berhad ("QLRB") wishes to announce that the existing Board composition will be re-organised in the following manner in respect of the practices governing Board Responsibilities, Board Composition and Strengthening Composition under the MCCG2017:-

No.	Name	Existing position	New Position	Nature of Change
1.	Chia Seong Fatt	Alternate Director to Chia Seong Pow	Executive Director	Resignation and appointment
2.	Chia Mak Hooi	Alternate Director to Chia Song Swa	Executive Director	Resignation and appointment
3.	Cheah Juw Teck	Alternate Director to Chia Lik Khai	Executive Director	Resignation and appointment
4.	Chia Seong Pow	Executive Director	Alternate Director to Chia Seong Fatt	Resignation and appointment
5.	Chia Song Swa	Executive Director	Alternate Director to Chia Mak Hooi	Resignation and appointment
6.	Chia Lik Khai	Executive Director	Alternate Director to Cheah Juw Teck	Resignation and appointment

The abovementioned re-organisation will take effect on 1 April 2021. The board composition after the said re-organisation will be as follows whereby the Independent Non-Executive Directors represents about 54.5% and the women directors represent about 36.4% of the total BOD members:-

No.	Directorate	Number of Director		Total
No.	Directorate	Male	Female	Total
1.	Independent Non-Executive Director	2	4	6
2.	Executive Director	5	-	5
	Total	7	4	11

This announcement is dated 25 February 2021.

Announcement Info

Company Name	QL RESOURCES BERHAD
Stock Name	QL
Date Announced	25 Feb 2021
Category	General Announcement for PLC
Reference Number	GA1-05022021-00025