BFM Podcast
AirAsia Still in Hot Waters
05-Feb-20 08:45
Shares of AirAsia have continued on a downward trend on the back of allegations of its involvement in bribery in relation to the company’s purchase of Airbus aircrafts. The Morning Run crew unpacks all the reports that have come out subsequent to the revelations.
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
warchest
He is acting against the fiduciary duty as the director of the Company. Your role here is to enhance the value of the shareholders not causing a damage to it. As for Airbus SE case, it is already a verdict and no longer allegations. AAX already lost so much from RM1.25 to RM0.12, 90% shrink in shareholders’ value. On corporate governance matter, he and his partner should not only resign as management team but in the Board of Directors as well to avoid the interference in the on-going investigations on this. Air Asia Group should revisit and enhance their internal procedures on gifts and gratuities. SC, MAVCOM, MACC and even ministry on transportation should form a steering committee to discuss on this matter. Bear in mind, this will affect our ranking of Corruption Perception Index going forward if this is not handle in tactical manners
2020-02-06 11:01