Straits Energy Resources Publishes 2026 Corporate Governance Report
Bitget2026/10/27 00:17- Straits Energy Resources disclosed board independence and director tenure departures in its governance report for the year ended June 30, 2026.
- Independent directors held three of nine board seats, below the recommendation for at least half; the composition met ACE Market listing requirements.
- The board allows independent directors to serve up to 12 years, exceeding the recommended nine-year limit.
- Leong Fook Heng's retention as an independent director beyond nine years faces a two-tier shareholder vote on December 17, 2026, subject to re-election.
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