MANCHESTER, June 14 — The appointments of Tan Sri Noh Omar as the new chairman of MISC Bhd and Datuk Seri Mohamed Khaled Nordin as the new non-independent and non-executive chairman of Boustead Holdings Bhd bode well for the maritime industry.
Malaysian Shipowners Association chairman Datuk Abdul Hak Md Amin welcomed their appointments and hoped under their leaderships, the maritime industry will overcome its current challenges and come out stronger as well as in revitalising the industry. “I am aware that there are some concerns on political appointments raised by various parties, however, despite that, the corporate sector has to adhere to the rules like good governance, fiduciary responsibilities, among others. As far as it concerns, corporate changes are a continuous process in any organisation and for me, as long as the rules are being followed and guided by responsible members of the board, I don’t see any issue with these changes,” he explained.
“These issues have been going on far too long and unless the government address the issues soon, we will see a stalemate in our maritime industry, shipping companies need to plan for long term development and capital expenditures are huge and in order to expand like buying new ships or investment in human capital, we need to have industry-friendly policies and importantly must be consistent,” Abdul Hak said.
Emphasizing that the timing to solve the issues could not be more fitting, as all industries including maritime industry are suffering from double whammy, namely the Covid-19 pandemic as well as low oil prices.
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