Proton confirmed that they are going to change their board composition in order to improvise the company in tackling a more global market. Read the full news from Bernama below.
PROTON HOLDINGS CONFIRMS BOARD COMPOSITION CHANGE TO TACKLE GLOBAL MARKET
KUALA LUMPUR — Proton Holdings Bhd confirmed Monday there will be changes to the board composition within its group of companies as the national carmaker moved forward with its Asian Multi-Local Original Equipment Manufacturer (OEM) Strategy.
The changes would involve both holdings and subsidiaries level, which in essence, was to focus on expanding its export market, specifically Asean, China, India, Middle East and North African markets, the company said.
“In line with this aspiration, more emphasis will be put on export markets and new technologies,” it said in a statement Monday.
Proton said these changes are continuous efforts by the company to meet evolving challenges, raise effectiveness level with a vision to further improve operational and financial performance.
“Proton has in the past seen several changes to its board composition and this is not something out of the ordinary,” it said.
It said these changes were also in line with the Putrajaya Committee for government-linked companies (GLCs) High Performance that encourages GLCs, via the Green Book, to continuously review and enhance board effectiveness.
In this respect, Proton said the recent resignations of Kadir Kassim, 69, and Oh Kim Sun, 61, were personal decisions and the company respected their wishes.