The board of directors had issued the notice after concluding internal investigations into 10 critical issues that resulted in financial loss for FGV
and its shareholders.
Yesterday, the FGV
said in a statement that Zakaria's services as member of the company's board of directors had been terminated, effective yesterday.
In a filing with Bursa Malaysia, the agri-business firm said the cessation took effect on FGV
receiving a letter from its special shareholder the Minister of Finance (Incorporated), today withdrawing its nomination of Zakaria as a government-appointed director in implementing FGV
's new constitution, which was approved by FGV
shareholders on June 28.
He said the Felda Board of Directors reviewed the resolutions and agreed to reject all resolutions involving payment of fees and benefits to the FGV
The industrial confidence in Brazil fell again in June, according to the Getulio Vargas Foundation (FGV
), reaching the lowest level of its monthly series, which began in October 2005.
The Bioplant[R] and FGV
substrates had the highest TP with a mean TP of 0.75 [m.sup.3] [m.sup.-3], while the highest available water content was recorded in the Bioplant[R] substrate at 0.24 [m.sup.3] [m.sup.-3] (Table 2).
Also present was FGV
Group chief executive officer, Datuk Haris Fadzilah Hassan.
Holdings Berhad's case against its former chairman Tan Sri Mohd Isa Abdul Samad and former president and group chief executive officer Datuk Mohd Emir Mavani Abdullah will commence on Nov 25.
Holdings Bhd's board of directors should only be paid half of the proposed remuneration fees if they were serious about tightening the budget, key shareholder Koperasi Permodalan Felda (KPF) has said.