Director Duality - Family Related Listed Companies
A significant family business will be Mah’s family owning CepatWawasan Group Berhad and MHC Plantations Berhad. Both of the companies are running palm oil business while the family serves on the board in both companies. The subsidiaries of the Group mainly focus on the cultivation of palm oil. The directors of Chin Teck Plantations Berhad are assumed to be very busy as they are sitting on the board of numeral public companies. There are two families dominating the corporation, which are Goh’s and Gho’s family respectively. Most of the directors are also serving in other 3 public companies including Negri Sembilan Oil Palms Berhad, Eng Thye Plantations Berhad and Timor Oil Palm Plantation Berhad. Thus, it can be concluded that the two families were dominating a proportion of the palm oil industry.