The Board of Directors of HSBC Bank Malaysia (BOD) has a duty to monitor the corporation on behalf of stakeholders. Including to investigate credible allegations that the CEO and its team has engaged in unlawful activity which is not in the interest of its shareholders.
The Board of Directors of HSBC Bank Malaysia has collectively failed in their responsibility to ensure long-term success of the Bank, its objective and delivery of sustainable value to stakeholders.
Bank Negara Malaysia has a responsibility to ensure the Board of Directors manages the bank with good governance and not create another 1MDB which has tarnished Malaysia in the world map.
NUBE urges BNM to sack all the above Board of Directors and replace with new Board of Directors to avoid repeated mistake of BNM in the matter of 1MDB.