Thursday, September 6th, 2007

Transmile-Minorities Voted For Zero Director Fee

With the accounting fraud of Rm622million for the past three years still hovering in their mind, the minority shareholders in the AGM of Transmile BHd had voted for not giving a single cent of fee to the directors  for the year ended 31 st December 2006.

Indeed, this is the best news for anyone who hear it However, shockingly, the share price of Transmile has gone up due to so called regained confidence level that accounting fraud might not occur again and Robert Kuok’s further purchase of shareholding in Transmile. Such an irony!

Anyway, if we call this irony can we explain or justify reasons when we often heard news from overseas, pertaining to the hugh payout of golden handshakes/bonus/incentives when their CEO supposedly resign or services being terminated from their companies?

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