Shareholders of Permodalan Nasional Bhd (PNB) have been urged not to worry about any change of guard at the institutional fund since it has been managed to a high standard of professionalism to date.
Putra Business School’s (PBS) Assoc. Prof. Dr Ahmed Razman Abdul Latiff said the current PNB management team is capable enough in ensuring the sustainability and contribution of PNB to shareholders and the nation continues for the foreseeable future.
He said he believes that the new president and group chief executive (PGCE) would provide better stability to the company as the country is still recovering from the economic slowdown caused by the COVID-19 pandemic.
“Being one of the largest fund management companies in Malaysia, steady stewardship from the top is needed to navigate the investment strategies of the company for the next few months,” he told Bernama, in response to news that PNB’s PGCE Jalil Rasheed had tendered his resignation on Monday.
News that PNB’s youngest PGCE was poised to depart PNB had lingered around the market since the end of last week, with a board meeting of PNB’s directors expected to be called to deliberate on the matter.
The news report quoted sources as saying one reason for the departure was related to issues surrounding Jalil’s appointment as PGCE last October.
In a statement today, PNB confirmed that it had accepted Jalil’s resignation as the company’s PGCE.
Market talk lingered that the position would be replaced by Ahmad Zulqarnain Onn, who is currently deputy managing director at Khazanah Nasional Bhd.
About a month ago, Ahmed Razman said, PNB launched its latest strategic plan for the year 2020-2022 called 'Focus 4' which outlines diversification, value creation, risk management and organisational transformation while preparing for future headwinds and evolving market landscapes.
“Therefore, any successor to the outgoing PGCE should just ensure that this strategic plan is continued and executed without the need to have a new one.
“If the new PGCE is appointed from within PNB’s top management, it will provide better stability to the organisation, which is what is needed during this time of uncertainty,” he added.
In a separate news report, veteran newsman Datuk A. Kadir Jasin claimed that Jalil was being forced out by unnamed critics who were putting a spotlight on alleged discrepancies in his academic qualifications.
Jalil replaced Datuk Abdul Rahman Ahmad as PNB’s PGCE in October last year.
In a statement announcing Jalil’s appointment, PNB said the move was in line with the “government’s wish to make optimal use of Malaysian global talents and consistent with the fund’s strategic initiative to diversify its assets globally.”
Meanwhile, in his farewell note today, Jalil gave his thanks to the PNB leadership team for being supportive of his initiatives.
“I have tried very hard to be inclusive and to widen the decision-making process. I apologise I am not able to see through with you till the end. Please continue your initiatives and give the incoming PGCE the same support you have extended me,” he wrote.
Bernama
Mon Jun 15 2020
Assoc. Prof. Dr Ahmed Razman Abdul Latiff believes that the new president and group chief executive (PGCE) would provide better stability to the company
Sekatan terhadap penceramah asing pro-Zionis demi keselamatan negara - Zambry
Sekatan terhadap penceramah asing pro-Zionis perlu dilihat dari aspek keselamatan dan imej negara yang boleh terjejas akibat kenyataan mereka.
Kekejaman zionis: Universiti Columbia ilhamkan gelombang protes nasional
Protes di Universiti Columbia membantah perang Israel di Gaza telah mencetuskan gelombang demonstrasi serupa di kampus kolej seluruh Amerika Syarikat.
Pemilik stesen minyak didenda RM30,000 jual RON95 kepada kenderaan asing
Hakim menjatuhkan hukuman itu ke atas Mohammad Naziruddin Abu Hassan, 61, selaku Orang Kena Saman (OKS) selepas mengaku bersalah atas pertuduhan itu.
Komen jelik tentang nahas helikopter TLDM, peniaga didenda RM23,000
Seorang peniaga dalam talian didenda RM23,000 oleh Mahkamah Sesyen Taiping pada Jumaat, selepas mengaku bersalah atas tuduhan memuat naik komen jelik berhubung nahas helikopter milik Tentera Laut Diraja Malaysia (TLDM) di Lumut, yang mengorbankan 10 mangsa.
Lima laluan ditutup sementara sempena hari penamaan calon PRK KKB esok
Jalan yang terlibat bagi penutupan sementara itu ialah Jalan Merdeka, Jalan Abdul Hamid, Jalan Dato Muda Jaafar, Jalan Mat Kilau dan Jalan Kamarudin.
[TERKINI] Mahasiswa bersama Palestin
Sekumpulan mahasiswa Universiti Malaya yang berang dengan tindakan Institut Pengajian China, Universiti Malaya (UM) menjemput individu pro-Zionis untuk menyampaikan seminar ilmiah, akhirnya turun berdemonstrasi bagi menyuarakan bantahan mereka terhadap Zionis dan sokongan mereka terhadap perjuangan membebaskan Palestin.
#AWANInews
#AWANInews
[TERKINI] Sarjana ‘berkualiti rendah’ tak patut dijemput - PM Anwar
Universiti Malaya sebelum ini menerima kecaman kerana membenarkan Gilley menyebarkan propaganda Zionis dan menuduh ahli politik Malaysia yang menyokong perjuangan Palestin menyebarkan kebencian terhadap Yahudi.
AWANI Ringkas: Peniaga didenda RM23,000, komen jelik nahas
Ikuti rangkuman berita utama yang menjadi tumpuan sepanjang hari di Astro AWANI menerusi AWANI Ringkas.
Thailand, 17 lagi negara gesa pembebasan segera tawanan di Gaza
Pemimpin 18 negara dalam satu kenyataan bersama menggesa pembebasan segera semua tawanan termasuk warganegara mereka sendiri yang ditahan Hamas di Gaza.
Kes jongkong emas: Saibulrijal didakwa lagi guna dokumen palsu
Mohd Saibulrijal Mohd Saad, 46, mengaku tidak bersalah selepas semua pertuduhan dibaca di hadapan Hakim, Azrul Darus.
'Jangan had konsep Rahmah kepada makanan sahaja'
Katanya, usaha itu perlu mendapat kerjasama daripada pelbagai pihak termasuk syarikat swasta dan juga NGO.
Ketidaktentuan politik jejas pelaburan, PM 9 perlu segera cari 'exit strategy' - Pakar
Perdana Menteri mempunyai tugas berat untuk mencari strategi keluar dari situasi ekonomi pegun yang dilalui negara ketika ini.
Kaedah pemberian baucar mampu ringankan beban rakyat terkesan - Pakar
Kaedah pemberian baucar perlu diketengahkan semula dalam membantu meringankan beban rakyat ketika pandemik COVID-19.
Belanjawan 2021: Dipinda dan lulus untuk rakyat
Walaupun terdapat cubaan menolak belanjawan dengan peruntukan RM322.5 bilion itu, akhirnya majoriti ahli Parlimen meluluskannya di peringkat dasar.
Belanjawan 2021: Lanjutkan moratorium bantu ringankan hutang rakyat
Kerajaan dicadang melanjutkan tempoh moratorium dalam Belanjawan 2021 yang akan dibentangkan Jumaat ini bagi meringankan beban individu dan perniagaan yang terjejas, sehingga tidak mampu membayar bali
Apa punca sebenar harga minyak turun? Ini penjelasan pakar ekonomi
Kejatuhan harga minyak mungkin bagus bagi pengguna, namun kesan kepada kerajaan adalah sebaliknya kerana ia akan mengurangkan lagi pendapatan kerajaan.
'Orang Melayu sendiri kurang sokong peniaga Melayu'
Pengurus Pembangunan Perniagaan Putra Business School, Prof Madya Dr Ahmed Razman Abdul Latiff berkata, perkara itu sudah berlaku ketika kerajaan terdahulu sehingga kini.
Rumah B40: Inisiatif BNM positif namun dibimbangi penyelesaian jangka pendek
Lebih ramai golongan berpendapatan rendah (B40) akan dibebani hutang akibat daripada pinjaman untuk membeli rumah berkenaan.
Khazanah rugi kerana bersihkan portfolio - Pakar
Khazanah Nasional Berhad merekodkan kerugian susulan aktiviti pembersihan portfolio pasca lantikan pentadbiran baharu.
Kejatuhan ringgit disebabkan anomali luaran - Ahli ekonomi
Penyusutan ringgit kepada RM4.1460 ketika ditutup hari ini disebabkan terutama oleh anomali luaran dan bukan faktor domestik, kata pakar ekonomi.