MAS AGM tomorrow: Why Tan Sri Azman Yahya of SCOMI is not seeking re-election

Tan Sri Mohamed Azman Yahya, who is a director of MAS for many years dated back to the WAU days and also a director of SCOMI and Symphony House Bhd. Why is he not up for re-election?

Updates @ 9:05 pm on 21-6-2012: Tan Sri Wan Azmi binWan Hamzah steps down from MAS Board during the AGM. The other aviation experts like Tan Sri Azman Yahya, Tan Sri Tan Boon Seng of IJM, Dato’ Rohanan binti Rozhan from ASTRO and David Lau Nai Pek are holding on to their directorship even though they could not show what were their contributions for the past TEN MONTHS. Tan Sri Wan Azmi;s said decision should be applauded and a very responsible acts.

One would have thought that Tan Sri Azman Yahya is a very busy man with so many companies to take care of especially SCOMI. The four chose to remain for reasons best known to themselves. Will do another posting soon about those remaining.

 

Updates @ 12:50 pm on 21-6-2012: The minority shareholders were questioning the competent and integrity of members of the Board of directors of MAS. They have also expressed their discontent with regards to their performance. From 10: 10 am this morning until now, the Board was still facing heavy criticisms from the shareholders. They could not even proceed to pass Resolution 1 to approve the Financial Statement let alone their Re-elections. The Board have been subjected to severe embarrassment. Yours truly has been informed that Tan Sri Azman Mokhtar’s most trusted crony, Rashdan, did not attend the AGM. 

Yours truly must apologies for not been able to attend because your truly question on the BinaFikir‘s consultancy fees and the 12 companies involved in the fuel hedging losses for RM3.3 billion for Parliament was No: 4 on the list. It was answered at 10: 30 am this morning. It will be posted here later.

After the MAS-AirAsia share swap, the brainchild of the little Napoleons in Khazanah Nasional Bhd, MAS will now hold its AGM on 21-6-2012 at 10:00 am, MAS Academy.

There are twelve resolutions to be considered by the MAS shareholders during MAS AGM tomorrow.  Seven of the resolutions are for the re-elections of directors and they are as follows:

  1. Tan Sri Dr Wan Abdul Aziz Wan Abdullah, the officer from MOF
  2. Tan Sri Md Nor bin Md Yusof, Chairman of MAS
  3. Tan Sri Tan Boon Seng from IJM
  4. Tan Sri Wan Azmi bin Wan Hamzah @ Nik Awang
  5. Dato’ Rohana binti Rozhan from ASTRO
  6. David Lau Nai Pek
  7. Ahmad Jauhari Yahya (AJ), the Group CEO of MAS

The remaining resolutions are:

  • To receive the Audited Financial Statement for financial year 31-12-2011 and Reports of the Directors and Auditors;
  • Approval of payment of Directors’ fees;
  • Re-appointment of M/s Ernst & Young as Auditors and to authorize the Directors to fix the Auditors’ remunerations;
  • Authority under Section 132D of the Companies Act 1965 for Directors to issue shares; and
  • Proposed Amendments to the Articles of Association

The other two aviation expert directors are Tan Sri Mohamed Azman Yahya, who is also a director of SCOMI and Symphony House Bhd, and Tan Sri Azman Mokhtar’s most trusted crony, En Mohamad Rashdan Yusof aka Danny (Rashdan) are not up for re-election. Rashdan has tendered his resignation and will be leaving MAS at the end of June 2012. Soon after the MAS-AirAir share swap, Tan Sri Mohamed Azman Yahya was also appointed to the Board of Directors of AirAsia Bhd.

Mohd Omar bin Mustapha aka Omar Ong

By co-incidence En Mohd Omar bin Mustapha, popularly known as Omar Ong, is also a director of Symphony House Bhd and after the MAS-AirAsia share swap he was appointed as a director of AirAsia Bhd. Please read in HERE, HERE & HERE.

All Proxy Forms must be deposited with Symphony Share Registrars Sdn Bhd, which is sharing the same building with Symphony House. Yours truly is not sure whether Symphony Share Registar Sdn Bhd is one of the outfits of Symphony House Bhd. For all we know the common word “SYMPHONY” for the two companies is just another CO-INCIDENCE.

It is hoped that the minority shareholders OF MAS will pose pertinent questions as follows:

AS AVIATION EXPERTS, WHAT POSITIVE ACTIONS DID THE DIRECTORS UNDERTAKE TO PROTECT THE INTEREST OF MAS DURING THE MAS-AIRASIA SHARE SWAP?

WHY THE BOARD DID NOT EXAMINE AND TERMINATE THE LOPE SIDED CATERING CONTRACT WITH LSG SKY CHEF BRAHIM’S SDN BHD, WHICH THE BROTHER OF MAS ADVISOR, YB TUN ABDULLAH AHMAD BADAWI, HAS A SUBSTANTIAL INTEREST?

WHY THE MAS -AIRASIA SHARE SWAP WAS NOT BROUGHT BEFORE AN EGM OF MAS FOR CONSIDERATION AND APPROVAL?

DID THE BOARD APPROVE THE SPONSORSHIP OF QPR COSTING RM10 MILLION TO MAS WHENMAS IS BLEEDING?

WHO APPROVED THE TERMINATION OF FIREFLY JET SERVICES AND ON WHAT BASIS?

WHY SHANE NOLLAN OF PlaneConsult AND PlaneConsult WERE APPOINTED WHERE THERE WERE EXISTENCE OF GLARING CONFLICT OF INTEREST?

WHAT WERE THE ALL IN MONTHLY SALARY PAID TO SHANE NOLLAN AND MARTIN BARROW?

ON WHAT BASIS WERE EN ROZMAN OMAR AND EN AZHARI DAHLAN, BOTH WERE FROM AIRASIA, APPOINTED AS CFO AND HEAD OF ENGINEERING OF MAS RESPECTIVELY WHEN THERE ARE MORE QUALIFIED PERSONS WITHIN MAS FOR THE POSTS? 

WHY DID MAS TERMINATE ITS PROFITABLE ROUTES TO  BANDUNG, SURABAYA AND DUBAI?

WHY DID MAS ENTER INTO THE RE-ACCOMMODATION AGREEMENT WITH AIRASIA X SDN BHD (AAX) WHERE VERY LOW FARES WERE CHARGED FOR THE UPLIFTING OF AAX 35,00 PASSENGERS?

WHY MAS HAD TO SCHEDULE SPECIAL FLIGHTS TO EXCLUSIVELY UPLIFT AAX PASSENGERS TO THE DESTINATIONS IN INDIA?

WHY DID AJ ABANDON THE PROFITABLE ADDITIONAL ROUTE KL/SYDNEY, WHICH WAS AWARDED EXCLUSIVELY TO MAS BY THE CABINET, FOR AAX?

WHY THERE WAS NO DISCIPLINARY ACTIONS TAKEN AGAINST RASHDAN FOR UPGRADING HIS BABY AND MAID TO THE FIRST CLASS?

WHAT WAS THE ALL IN CONSULTANCY FEES INCLUDING COMMISSION, EXPENSES AND OTHER COSTS PAID BY MAS TO BINAFIKIR SDN BHD FOR THE WAU PROJECT?

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21 thoughts on “MAS AGM tomorrow: Why Tan Sri Azman Yahya of SCOMI is not seeking re-election

  1. Budak @ Tingkat 4

    YB please check many tasks in MAS have been out sourced to several outfits in Symphony House. Symphony Share Registrar Sdn Bhd is just one of them.

    Azman Yahya is another great guy in the corporate world. Another Oxbridge graduate like Rashdan, Omar and Azman Mokhtar.

    Heard they were part of the Tingkat Empat? ka ka ka!

    Reply
  2. Hana

    The share suap was also co-incidental! Bloody pariah and his kuncu2 who are still in MAS.

    AJ you are still holding on like Rashdan. Tak malu lagi kah?

    Reply
  3. pertiwi

    Dear YB,
    I really don’t understand, why Dato’ Rohana binti Rozhan from ASTRO will be re-elected? The aviation need an entertainment experties meh? Further more, is Dato’ Rohana one of Tony best buddy?
    Tan Sri Mohamed Azman Yahya, from SCOMI. Erm.. let me rethink, why we need a director from Pak Lah’s company(SCOMI) where Pak Lah also a so called Penasihat to MAS? LSG? Conflict of interest!!

    Reply
  4. HANANA BT ABDULLA

    :

    ;

    ;

    ;

    ;

    yb

    the sandiwara plot become a bit clearer when you

    introduced omar ong in the picture. So it would appear

    the whole exercise is to help fatten air asia and kill off

    mas for good. Omar ong has always been a barua for n…/umno.

    He is in petronas to look after n…’s interest.
    .
    .

    So it would appear n… /umno has interest in air asia.

    Hence Rafida too is in air asia. So far we had seen the

    damages done by the regular baruas-mat nor, mat dan and

    mat jo [a.] . The three regular mutts are out to kill/bleed

    mas under some silly acronyms I would not care to mention.

    .

    When the astro woman is emplaced in the mas directorship,

    it raise another flag. AK [ a.. k… ] has a

    finger in the pie too?

    .

    Most likely too. AK probably plays the same role as

    chingkie vingkie tan, the savior of perak bn gomen!
    .
    .
    .

    So we can look forward to some interesting future dealings

    where the ‘man -behind-the -scene’ will make another drastic move
    .
    .

    What next?

    .
    .

    Note to whisleblowers
    ———————–
    .

    Pay attention to AK’s dealing and wheeling. Find out how all

    the important people in mas would relate to AK/Max.s thru whatever

    relationships-of wives in-laws. It would be interesting to know if AK has

    ‘plants’ [dalang] in MAS!

    .
    .

    The intent of da ‘man’ is clear. Destroy mas and fatten air asia.

    The baruas are using slater walker’s [1] tactic-strip the company

    and throw out the employees, on mas and other target glc’s

    .
    .

    Footnote
    ———

    [1]wiki-jim slater , accountant

    note: in mas 4 accountants, mat nor , mat dan [d..y],amok and

    azman ya..a emulate the style of jim slater-strip the company

    to unlock the asset. The melayu ‘mutts’ rebrand the ruse

    ‘asset unbundling’.

    They were probably thinking that they were ‘mat-bundle ‘unbundling

    assets for cronies and ‘da-man’

    .

    .
    .

    Reply
  5. pertiwi

    Dear YB,
    It’s good that TSM Azman Yahya stay away as well as Omar, but I wish they will appoint Tan Sri Abd Aziz as a director so that AJ can learn from him instead!!

    Reply
  6. Economist Kampong

    YB WCK,

    This ongoing saga seems to link Bina Tak Fikir to Khazanah to MAS to AA to LSG Sky Chef to Brahim to Dolah Badawi to Scomi to CIMB to EY to Fourth Floor boys and back to Azman Mokhtar is making all thinking Malaysians very very upset.

    The anger is mounting daily as the PM seems to dilly dally over what needed to be done. It is made worse as the people clearly know what is required to be done but the Government seems to be clueless at best, or unwilling to take action, at worst.

    I only hope they would not punish the BN government at the coming poll.

    YB WCK – thank you for your very good work in getting us to be better informed. Please continue with this noble endeavour. Thank you very much.

    Reply
  7. Tiger for malgudi

    Hello YB, good work on the exposes! Send those cronies packing!

    I humbly suggest however that you will earn more fans if you can propose solutions to this long-running MAS problem. Fact is, MAS is operatig in a very difficult environment (even SQ making losses!), MAS cost structure bloated (by a 22k manpower?)’, cash bleeding, old aircraft, morale at all time low…

    If everybody criticizes without offering realistic solutions (and high level rhetoric please, thats also unhelpful) our beloved MAS will continue spiraling towards doom. So without giving solutions, all your eefort in last 8-9 months would have only made MAS worse!

    Best of luck YB and keep up the good work!

    Reply
  8. Anonymous

    Banyak conflict of interest lah MAS ni. Lepas tu nak suruh staff sokong, mana staff nak! Staff MAS pandai, bukan bodoh.

    Reply
  9. Minority Shareholder

    How much is the Advisor, Abdullah Badawi, being paid per month and what has he contributed to MAS so far?

    Reply
  10. Mastura Baiduri

    Martin Barrow will always try to visit the cockpit whenever he flies between KUL & LHR (London) to cari modal of what to advise the MAS management. he’s. Tru con-sultan!

    Reply
  11. droid

    MAS is history, beyond salvage and everyone associated with it, either directly or indirectly, is responsible, yes, including the management, staffs and union. Bring in funds and the most suitable persons to run the company and it will continue to rot. The management can be changed easily but you can’t change the work culture. The majority wants to shake legs and earn big fat salary and they infact believe it is their birthright to be so. The best solution is to return MAS back to the federal government. Next best solution is shut the airline down for a day. Third best is shut it down completely and let Air Asia monopolies the sector. Why let it bleed the nation of its resources knowingly that no matter what course of actions be taken, MAS will continue to suffer major losses.

    Reply
    1. pertiwi

      Dear droid,
      I think u must be one of AK staff or their PI?? Don’t talking non-sense la… Try to retrieve MH Audited Accounts before making blunt allegation!! Please study the Financial Statement/s!! MAS pernah making profit prior Tajudin Ramli. In fact, if you’re talking about operational wise(espc engineering dept & Firefly), numerous of MAS quarterly report shows that they are making profit only that they are making losses when adding up all non-sense management and so called con-sultancy fees etc. In terms of ratio liabilities against assets, MAS far better that Air Asia dude!! The only thing crucial in MAS is CASHFLOW!! If we sack the very top mgt who are doing nothing and terminate all the con-sultants, I’m sure MAS will doing much better!

      Reply
      1. droid

        I’m not AK staff, neither am I an AK shareholder but I am still an MAS shareholder. It is true MAS DID make money during Tan Sri Aziz’s tenure but aviation scene has changed, vastly. Super fast growing low cost carriers sprouting like mushrooms everywhere, brand new facilities, not to mention their own terminal and runway. Next comes 2015. So it amazes me how people still think it is a cash flow problem. I like how the 1.3b(?) loan was seen as sufficient to cover it’s operations til year end. We shall see who else take up the bond, that tells a lot. Infact I did not mention another problem which has been openly discussed- crony feeding. Can that be solved? Yes, GE 13. Til then, stop dreaming about turning MAS around. I suggest you look up on what former BA ceo say about change in culture in an airline. You are a MAS staff.

      2. droid

        pertiwi,
        I’m not with AK, but I’m an MAS shareholder. I like your optimism. Look at the larger picture and see where does MAS fit in. I’m done with looking inside MAS for solutions, you’ll only find clues. The only thing people has been looking outside for is money. Easy come easy go. You have to be an MAS employee.

      3. Sarlac

        Droid,

        I am a former MH staff as well as a shareholder. I had the opportunity to deal with most levels of the workforce when i was there. There is no question that MH needs a change, but believe me, a general statement accusing staff of just wanting to shake leg and make big bucks could not be further from the truth. Granted that there are some in there you want to get rid of or basically whip into shape, largely they are honest hardworking people. The problem there is leadership. The people do not trust their leadership. There is a huge disconnect between those who are out there facing the public with those whose elbow and brain grease gets the operations moving. NOTHING is being done to address the fact that the people who are supposed to be directing the startegy of the company and harnessing the workforce toward improvement are failing miserably. The staff can only do so much.

        I always thought that the management had been unfairly judged and abused (except danny of course), in cyberspace, but after now seeing with my own eyes how out of touch the so called leaders of mas are with what is really going on, i myself question the ability of the company to get out of the red.

        BUT, be fair. Do not blame 20k people for the mistakes, ignorance or denial of 20 people. They have proven time and again that they are capable of making MAS a great company.

        A captain should know the path they want to fly to and the crew follow his orders accordingly. But if the captain is clueless and do not know the weather patterns, turbulence areas, fuel burn rate of the aircraft and so on, you can’t blame all the crew for the failure if the plane doesnt arrive at its destination.

        Yesterday the captain didnt convince me that he was on the ball..or even in control of the plane.

    2. Anonymous

      Easy to blame the captain of the boat. Did his lieutenants tell him when the boat was heading for disaster? Or perhaps everyone huddled together and pray for miracle? Perhaps they have all put on their life vest. But in the case of mas, the captain has to be incompetent. Gomen will not allow a good captain and everyone knows why. Idris jala left behind a half rotten PMS system which encourages staffs to be PMS oriented putting their primary functions and duties aside. Bodek culture and politicking became rampant. Good staffs who do their job do not get good PMS ratings as they are deemed as threats. With my extensive connections and knowledge on MAS and Airasia operations, I assure you that a person’s job in Airasia is shared by atleast 3 in MAS, especially those jobs behind the scene. MAS’s managers attend too many loooooonggg meetings, that’s where gotong

      Reply
  12. pizi87

    It will be a nightmare if Omar Ong comes on board replacing Azman Yahya. Who does he think he is. so powerful and can sit on several boards?

    Reply
  13. vinnie

    MAS patut buang semua director yg tak menyumbang kepada keuntungan MAS. Juga patut buang semua director yg tidak mempunyai masa untuk MAS kerana sibuk dgn company sendiri. Malulah hidup macam parasit, menumpang pokok hidup, sedut bendalir dalam pokok hingga pokok mati. Biar gaji kecik dari gaji besar tapi hidup macam parasit. Kalau anak bodoh, jangan salahkan anak, salahkan diri sendiri.

    Reply

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