Does Najib Razak deny approving all SRC International board decisions via proxy?

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Najib Razak Disputes Claim of Proxy Approval for All SRC International Board Decisions

Datuk Seri Najib Razak has stated that it is untrue that every decision made by the SRC International board required his approval and that his instructions were relayed through an alleged proxy, Nik Faisal Ariff Kamil. He explained that during his limited meetings with Nik Faisal, the latter had represented that the board had made decisions on investments after thorough deliberation and due diligence. Najib also expressed bewilderment as to why other SRC directors, including Tan Sri Ismee, did not directly verify matters with him, particularly concerning the company's funds, and instead accepted Nik Faisal's word.
Board Decisions and Due Diligence

Najib asserted that the assertion that all SRC International board decisions necessitated his personal approval, with instructions channelled via Nik Faisal, was inaccurate. He clarified that the operational structure of a Minister of Finance (Incorporated) company, including SRC International, did not function in such a manner. During his infrequent interactions with Nik Faisal, Najib stated that Nik Faisal conveyed that the board had reached conclusions on investment matters following appropriate deliberations and due diligence processes.
Bafflement Over Directors' Reliance on Proxy

A point of contention for Najib was the conduct of other SRC directors, such as Tan Sri Ismee. He conveyed his surprise that these directors did not seek direct confirmation from him regarding company matters, especially concerning the company's financial resources. Instead, they appeared to rely solely on the word of Nik Faisal, a situation Najib found perplexing given the context.
Appointment and Removal of Directors

Regarding the alleged overarching authority he held over the SRC International board, stemming from the power to appoint and remove directors, Najib refuted this notion. He explained that the process for appointing and dismissing directors involved company resolutions that needed to be established prior to seeking the Prime Minister's approval. Najib further commented that despite claims of his power in this regard, there was no specific instance documented where he, in his capacity as Prime Minister, had terminated the employment of any individual at SRC.

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Does Najib Razak deny approving all SRC International board decisions via proxy?

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