What specific governance changes led to MDV returning to profitability?

Question

## Wong Chen linked MDV’s return to profitability to anti-political-interference governance measures rather than other named reforms

Accepted Answer

Wong Chen said MDV returned to profitability in 2024, when it recorded a profit of RM3.4 million under his three-year tenure as non-executive chairman, after he put in place a strict approach to governance leadership. In his account, the key governance change was insulating the bank from “undue influence” by politicians and people in power, including requiring formal letters for requests instead of responding to calls or WhatsApp messages. He did not name other specific governance changes beyond this anti-interference policy, and he noted that the official annual report for later improvement in 2025 had not yet been released.

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What specific governance changes led to MDV returning to profitability?

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