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The report by Idris Jala as an independent party in the Felda Global Ventures Holdings Bhd (FGV) crisis is ready and will be announced at an appropriate time, says Prime Minister Najib Abdul Razak.

Najib said he also requested Idris to look into several steps and measures to solve the crisis.

"We are analysing all facts and the decisions would be best based on the three principles I have mentioned - according to company law, good governance and fair process," he told reporters after chairing the National Finance Committee Meeting 2017 in Putrajaya today.

Idris was appointed as an independent party to present evidence of the findings of the investigation and suggest solutions on FGV's decision in directing the Group's President, who is also Chief Executive Officer, Zakaria Arshad, Chief Financial Officer, Ahmad Tifli Mohd Talha and two senior officers to go on leave.  

Idris' appointment was also agreed by Felda chairperson Shahrir Abdul Samad, FGV Chairman Isa Samad, Zakaria and Ahmad Tifli.

Meanwhile, Shahrir, when met after a 30-minute meeting with the prime minister,  said he would leave the matter to the prime minister to announce the solution of FGV.

"We have stated our views as a significant shareholder of FGV to the prime minister that FGV, as a government-linked company, has to adhere to high standard of corporate governance," he said.

He also requested for the prime minister to reappoint representative on the board of FGV.

"We used to have a representative in FGV which now has claimed has an independent director, which is also wrong by corporate governance," he said.

Asked whether any FGV representative has met him to discuss the crisis, he said, nobody from FGV has met him to discuss the matter.

"No representative from FGV has met me on this matter although we are the significant shareholder.  I believe this may be because they do not understand corporate governance.

"We are the shareholder, the question is who's interest should be protected. 

"Under corporate governance, the board of directors must respect the views and observations and interests of shareholders," he said.

-- Bernama

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