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/SOALAN MARKS/MARKAH 1. Since 2011, Malaysia Pacific Corp Bhd (MPCorp) has not been able to make any profit except in 2013 when there was a
/SOALAN MARKS/MARKAH 1. Since 2011, Malaysia Pacific Corp Bhd (MPCorp) has not been able to make any profit except in 2013 when there was a revaluation surplus on investment properties. On 1st December 2014, MPCorp fell into Practice Note 17 (PN17) category and in 2019, net loss came up to RM81.07 million on revenues of RM14.63 million. However, in 2019, MPCorp paid out RM2.46 million collectively to its vice- chairman and executive director Kong Yuk Chu and her children, CEO and executive director Charles Ch'ng Soon Sen and executive director Ch'ng Se Hua. The other three independent non-executive directors were paid RM155,200 collectively. Kong Yuk Chu held 51.36% of the shares of the company but her children did not hold any shares. Nomination and Remuneration Committee members consisted of all three independent non-executive directors. Using a case study technique, advise the remaining shareholders of the company on the best course of action to address the governance issues affecting the company
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