What does Abdul Azeez want the public to understand about TH processes?

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Abdul Azeez Wants the Public to Understand the Internal Processes at Tabung Haji

Abdul Azeez, the former chairman of Tabung Haji (TH), has emphasized that the organization's operational structure involved multiple layers of approval for transactions and investments, indicating that no single individual held absolute authority. He stressed that the detailed reports and explanations provided by top management, following reviews by the investment panel and risk management division, were crucial components of these processes.
Transaction and Investment Approval Procedures

Abdul Azeez clarified that as a non-executive chairman of Tabung Haji, he did not possess the sole power to approve any transaction or investment. He explained that each proposal was subjected to a rigorous review process, beginning with the investment panel and the risk management division. Only after these internal assessments were completed would the proposals be presented to the board of directors for further deliberation.
Role of Top Management in Reporting

The former chairman highlighted the responsibility of Tabung Haji's top management in providing comprehensive explanations and detailed reports. These reports were contingent upon the thorough review and assessment conducted by both the risk management division and the investment panel. This multi-stage review process was designed to ensure due diligence before any significant financial decisions were made.
Importance of Reading the RCI Report Directly

Abdul Azeez urged the public and Tabung Haji depositors to engage directly with the findings of the Royal Commission of Inquiry (RCI) report. He advised against forming opinions based on external influences or interpretations, encouraging an independent assessment of the report's contents to understand the intricacies of the organization's operations.

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What does Abdul Azeez want the public to understand about TH processes?

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