KUCHING: Cahya Mata Sarawak (CMS) director and deputy group chairman Datuk Seri Mahmud Abu Bekir Taib has voluntarily taken leave of absence from all his positions in the group in order for authorities to facilitate a full and transparent investigation into allegations of conflict of interest involving him and former CMS chief information officer Karl Vink @ Khalid Abdullah.
The company’s board of directors said that it had reported to the authorities the allegations received through the group’s whistleblower channel.
“Upon receipt of the whistleblower’s complaints, before reporting to the authorities, the board acted immediately to carry out a full investigation to discharge its fiduciary duties to protect the best interest of the company and all stakeholders,” it said in a statement.
The board assured all stakeholders that it had upheld the highest standards of corporate governance expected of the board and had carried out its fiduciary duties to the best of its abilities.
“Moving forward, the board will continue steering the group in full compliance with the law and continue to put stakeholders’ interests at the forefront,” it said.
The board also requests all stakeholders to allow the investigations to proceed and patiently await the final outcome.
“The board will cooperate fully with the authorities and has requested the management to also extend their fullest cooperation,” it said.
They also thanked Mahmud for graciously taking leave of absence from all his positions in the group, which is an exemplary conduct of good corporate governance.
“We shall continue to keep all stakeholders updated,” said the board of directors.
