What interests is FGV chairman prioritising after the rejection?

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FGV Chairman Prioritising Company and All Shareholder Interests Following Directors' Fees Resolution Rejection

Following the rejection of three resolutions concerning directors' fees by FGV Holdings Bhd shareholders, the company's chairman, Datuk Wira Azhar Abdul Hamid, has stated that the board is actively discussing the most appropriate course of action. The primary focus remains on safeguarding the interests of the company as a whole. Any decisions made will be a comprehensive consideration of the interests of all shareholders, rather than favouring any single entity.
Board Deliberation on Next Steps

FGV's board of directors is currently engaged in discussions to determine the most suitable path forward after shareholders voted against resolutions related to directors' remuneration. This process involves evaluating various options to address the outcome of the Annual General Meeting (AGM).
Emphasis on Company Interests

The chairman underscored that the board's foremost concern is the overall well-being and interests of FGV Holdings Bhd. This principle will guide the board's deliberations and subsequent actions, ensuring that the company's long-term health is paramount.
Consideration for All Shareholders

Datuk Wira Azhar Abdul Hamid explicitly clarified that the decisions stemming from this situation will not be made with a singular shareholder's perspective in mind. Instead, the board is committed to a holistic approach that accounts for the diverse interests of the entire shareholder base.
Rejected Resolutions Context

The resolutions that failed to gain shareholder approval included the payment of directors' fees for the financial year ending December 31, 2018, and the payment of a portion of directors' fees and benefits from June 26, 2019, until the subsequent AGM. Another resolution, concerning the authority for directors to allot and issue shares, was also not approved.

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What interests is FGV chairman prioritising after the rejection?

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