by ASILA JALIL / graphic by MZUKRI MOHAMAD
SERBA Dinamik Holdings Bhd has appointed two new board members to replace the four independent non-EDs who resigned last month following the legal action taken against its former external auditor KPMG Ltd.
In a filing to Bursa Malaysia yesterday, Serba Dinamik stated that Datuk Seri Mohamed Farid Abu Hassan and Siti Zaleha Sulaiman joined its board as independent non-EDs.
Mohamed Farid brings with him 42 years of experience in the Royal Malaysia Police Force. He retired from the force last month with the rank of Commissioner of Police while serving as the director of special branch.
Siti Zaleha has been an independent non-ED at Aimflex Bhd since October last year.
She had held various positions at Bursa Malaysia Bhd since 1995 up until 2016. Among the positions held by her at the local exchange include head of the IS/IT audit department under Bursa Malaysia’s group internal audit, acting head of the internal audit and head of the audit department, as well as the head of corporate risk management.
Prior to her employment at Bursa, she was the senior administration officer at Bank Negara Malaysia.
Their appointment comes on the heels of Ernst & Young Consulting Sdn Bhd being appointed to conduct the independent review on the accounting issues flagged by KMPG.
To recap, Tengku Datuk Seri Hasmuddin Tengku Othman, Hasman Yusri Yusoff, Sharifah Irina Syed Ahmad Radzi and Rozilawati Basir resigned from Serba Dinamik after they unanimously disagreed with the decision of the board to take legal action against KPMG.
Serba Dinamik noted their views were not in the best interest of the company and stakeholders, particularly the minority shareholders.
Serba Dinamik’s shares closed three sen or 5.88% lower at 48 sen yesterday, giving it a market capitalisation of RM1.79 billion.