Vincent Tan, 71, the founder of Berjaya Corporation Bhd (BCorp), recently resigned as Non-Independent Non-Executive Chairman.
Replacing him is the daughter of Johor Sultan, Tunku Tun Aminah Sultan Ibrahim Ismail, who has been appointed as the Non-Independent Non-Executive Chairman of Berjaya Corp.
Tan will continue to serve as an advisor to the Board of Directors and to the group’s continued growth.
The new BOD boasts a women-only lineup including Chryseis Tan Sheik Ling, Tan’s own daughter.
Tan said the shake-up is part of the company’s efforts to “promote women empowerment”. The new board will be entirely women.
“The latest changes in the BCorp boardroom reflect the group’s commitment to promote women and empowerment in the workplace. I have every confidence in the leadership abilities of all the women on the Board to effectively lead the Group to greater heights,” he said in a statement issued by the company.
Tan will still be “very much involved with the group and its business activities” but will focus more on promoting his charitable foundation, Yayasan MyFirst Home, now a year old.
The foundation began operations in 2022 with a RM5 million capital injection from Tan, the foundation’s chairman.
The tycoon said MFH was formed to promote and facilitate the development of affordable housing and home ownership by the B40 group, moving them up from being tenants to first-time homeowners.
ALSO CHECK OUT:
Reader Interactions