MSWG’s CEO and board member Devanesan Evanson retires

MSWG’s CEO and board member Devanesan Evanson retires

The Minority Shareholders Watch Group is expected to announce the successor's appointment by mid-January 2024.

Devanesan Evanson, who retired as CEO and board member of MSWG on Dec 19, played a pivotal role in enhancing minority shareholders’ activism and corporate governance in Malaysia.
PETALING JAYA:
As of December 19, 2023, Devanesan Evanson has officially retired from both his roles as the CEO and board member of the Minority Shareholders Watch Group (MSWG).

“Since Devanesan’s appointment as CEO on Dec 18, 2017, he has been pivotal in fostering greater minority shareholders’ activism and corporate governance in Malaysia.

“Under his stewardship, MSWG strengthened its presence as a collective voice to minority shareholders and significantly expanded its monitoring portfolio from 250 publicly-listed companies (PLCs) to 450 PLCs, representing about one for every two PLCs listed on Bursa Malaysia,” chairman Nasir Ali said in a statement today.

MSWG has identified and approved its new CEO and the board is scheduled to officially announce the appointment of the successor by mid-January 2024.

Nasir said the new CEO candidate brings a wealth of experience and expertise, aligning with MSWG’s commitment to upholding minority shareholders’ interests and advancing corporate governance and sustainability standards in Malaysia.

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