1. The board of a public listed company has recently entered into a transaction with another company resulting in a significant change in its business direction and policy. Explain to the Board on the needs to comply with the requirement under Chapter 10 of the Bursa Malaysia Listing Requirement. (10marks)

2. Despite the close relationship to one of the major shareholders of a listed issuer, a managing director has been proposed by the board to be an independent director of the listed issuer. Explain to the board in regard to the eligibility of him acting as an independent director. (10marks)