The former prime minister said that he merely approved the names of directors given to him for approval, and he was not involved in selecting the candidates. Asked by Kwan if he knew who initiated the selection of the board members, Najib said he did not know. Najib: Not binding, unless the board thought it was in the best interest of the company. Only to give due consideration to specific matters and best interest of the company,” he said. The lawyer referred to Article 117, which states that SRC directors would have to refer to the prime minister for major decisions on investments or expenditure.

Source: The Edge Markets January 14, 2026 13:16 UTC