Fu Yu had appointed Asian Corporate Advisors (ACA) to assess the directors’ suitability and independence. Fu Yu, on June 20, announced that ACA had found nothing that would make the directors unsuitable to be appointed as the company’s independent non-executive directors. The board saw no reason to disagree with the assessment.
Fu Yu Corporation’s shareholders have appointed four new independent non-executive directors to the company at their latest annual general meeting (AGM) held on June 27.
The new directors are: Gilbert L. Rodrigues, Ralf Pilarczyk, Yang Zhenrong and Haytham T KH Al Essa. All four were appointed at the AGM by a resolution tabled under a requisition by Lim Wei De, Victor, under Section 183 of the Companies Act 1967.
