Report On the Findings Of The Independent Internal Inquiry Conducted By BDO Governance Advisory Sdn. Bhd. ("BDO")
AIRASIA GROUP BERHAD ("AIRASIA" OR THE "COMPANY")
REPORT ON THE FINDINGS OF THE INDEPENDENT INTERNAL INQUIRY CONDUCTED BY BDO GOVERNANCE ADVISORY SDN. BHD. ("BDO")
For consistency purposes, abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcements made by the Company on 3 February 2020 and 11 February 2020.
Reference is made to the Company’s announcements on 3 February 2020 and 11 February 2020 on the formation of the Non-Executive Independent Board Committee (“Committee”) and the appointment of BDO as the independent expert in assisting the Committee in undertaking the independent review.
As an update, the Company wishes to announce that BDO has on 19 March 2020 presented their REPORT ON THE FINDINGS OF THE INDEPENDENT INTERNAL INQUIRY CONDUCTED BY BDO to the Committee. The Committee has, upon review of the said report from BDO, accepted the final report issued by BDO. In summary, the findings of BDO are as follows:
The report has now been presented to and accepted by the Board (which conducted its meeting without the presence of the two Executives) and arising from this, the Board has resolved to reinstate the executive positions of Tan Sri Anthony Francis Fernandes and Datuk Kamarudin bin Meranun. Consequently, the appointment of Tharumalingam a/l Kanagalingam as the acting chief executive officer has been rescinded.
This announcement is dated 20 March 2020.
|Company Name||AIRASIA GROUP BERHAD|
|Date Announced||20 Mar 2020|
|Category||General Announcement for PLC|