Of late Sime Darby has been very much in the news with its proposed – and then postponed – IJN takeover and now with a proposed new low-cost carrier airport in Negri Sembilan.
While many have questioned the economic feasibility and viability of a new airport so close to the present Kuala Lumpur International Airport, nothing much has been said about the environmental impact of having two large airports so close to each other (not to mention global warming).
So who exactly is behind Sime Darby? According to its 2008 Annual Report, its substantial shareholders are:
- Skim Amanah Saham Bumiputera – 34%
- EPF – 14%
- PNB – 15%
- Yayasan Pelaburan Bumiputera – 15% (deemed interest)
So basically we are talking about a government-linked corporation and groups managing public money here.
Sime Darby’s Board of Directors (again, according to its 2008 Annual Report) is made up of:
- Tun Musa Hitam (Independent Non-Executive Chairman)
- Tun Dato’ Seri Ahmad Sarji Abdul Hamid (Non-Independent Non-Executive Deputy Chairman)
- Dr. Arifin Mohamad Siregar (Independent Non-Executive Director)
- Tan Sri Dato’ Dr. Wan Mohd. Zahid Mohd. Noordin (Non-Independent Non-Executive Director)
- Tan Sri Datuk Dr. Ahmad Tajuddin Ali (Independent Non-Executive Director)
- Datuk Seri Panglima Sheng Len Tao (Independent Non-Executive Director)
- Raja Dato‘ Seri Arshad Raja Tun Uda (Senior Independent Non-Executive Director)
- Dato’ Henry Sackville Barlow (Independent Non-Executive Director)
- Dato’ Mohamed Sulaiman (Non-Independent Non-Executive Director)
- Dato’ Dr. Abdul Halim Ismail (Non-Independent Non-Executive Director)
- Datin Paduka Zaitoon Dato’ Othman (Non-Independent Non-Executive Director)
- Dato’ Seri Ahmad Zubair @ Ahmad Zubir Haji Murshid (President & Group Chief Executive)
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Forget Sime Darby etc. Its all money roads leading to UMNO.
I already moved out my funds and savings to 3rd country lest they enjoy lap of luxury at my expense.
Anil, You see the list of directors, macam tak da orang lain, the same opportunists. Most are ex – officio senior government servant. See, see thats how lah there all remain forever be the stooges of BN. During the tenure in the civil servant they are the … to the ruling party. The one …, chairman in many many conglomerates, just like his brother… The Sarji guy, what so great about him, director and chairman in so many GLC and in the private sector. For what? Orang melayu lain mahu jadi apa? semua the crony and the cronoq will continue… Read more »
A source placed highly in Sime Darby told me many times that the most influential man behind the scene is our dear Mohomad Nor Mohammed. Most, in not all those listed in the Board of Directors are proxies, you need to work out whose hand more powerful is working behind the scene. Nor Mohamed is one of them. Sime Darby is hunting around for money making opportunities (every company does) but their business strategies were very ill-advised. IJN, LCCT, and in less than 3 months there will be another one or two surfaced. The previous is the Perak Groundwater Project,… Read more »
Dear Anil ” Of late Sime Darby has been very much in the news with its proposed – and then postponed – IJN takeover and now with a proposed new low-cost carrier airport in Negri Sembilan. While many have questioned the economic feasibility and viability of a new airport so close to the present Kuala Lumpur International Airport, nothing much has been said about the environmental impact of having two large airports so close to each other (not to mention global warming).” TEMPORARY SUSPENSION It is regrettable that IJN takeover has been temporarily postponed; but you watch my word; the… Read more »
Of course, there is something really fishy on the IJN privatisation. Sime Darby cant even manage their plantation properly and now they are trying to take the hearts from the rakyat. Have those bums running Sime Darby have any hearts themselves? Or are they just a bunch of government parasites trying to suck the poor rakyat blood until they die? These guys just only think of money, money, money and their own selves. The politicians currently running the government are bad enough. Now even those in GLCs are the same kind, if not worse. The rakyat is caught between the… Read more »
as is often with glc’s, the immediate beneficiaries are those close to political power – Sime appears to have become the final chance for soon to be retired politicians to make big bucks!
They think is the right time? Come on man.M’sia now at the crossroad.Pls. Dun fish in trouble water.
and according to MoF, Sime Darby is NOT a bumi company?
hambug!
Any body with a brain will understand why it is necessary to privatize IJN by looking at its board of directors and shareholders makeup, it can be turned into a highly profitable enterprise.
….out to plunder the country and the people…
Yeah, Sime Darby is so powerful with Najib coming onboard. Wonder why…
How come got no Indians in the Board of Directors? Even Mat Salleh also got.
Put lah at least one Indian.
Shame on the BN govt. Shame on members of the board of director of Sime Darby. They are elitists who dont know the suffering of normal people of Malaysia.
Since, the majority of the shareholders are muslim, dont you think it is against Islam to exploit the poor.
Shamee Shame and double Shame.
Why najib, why? first it was the eurocopter. then it’s EPF loan to valuecrap. now, IJN? do you know CIMB have a stake in putrajaya holdings collecting montrous rents from the government?
If so many of these government’s bodies are invested in these conglomerate, shouldn’t they be accountable and transparent in their accounting and let the public know of it’s returns? it is afterall, the taxpayers money.
I think d goverment can’t think properly anymore..! We all know that IJN is for the people n especially the poor. How is it that these so call decission makers r so….. blur! How many times have they been making stupid remarks..? There is a catch to all these hoo-haa on IJN……! Its currently doing fine. And even the doctors n all the staff of IJN is against the privatetisation. Better they privatise the National Libary. Go look at the condition of the supply of books. So depressing…! Better Sime Darby put more books. Also buy books from around the… Read more »
Look at the list, you can formulate your own conclusion.
I smell fishy here…