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BRIEF-AirAsia reinstates Fernandes as CEO after probe finds no wrongdoing

Published 03/20/2020, 01:50 PM
Updated 03/20/2020, 01:56 PM
© Reuters.  BRIEF-AirAsia reinstates Fernandes as CEO after probe finds no wrongdoing
CAPI
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March 20 (Reuters) - Airasia Group Bhd AIRA.KL :
* AIRASIA GROUP BHD - UPDATES ON FINDINGS OF INDEPENDENT
INTERNAL
INQUIRY CONDUCTED BY BDO GOVERNANCE ADVISORY
* AIRASIA- BDO FOUND TWO EXECUTIVES HAD PROPERLY DISCLOSED
INTERESTS TO BOARD OF AAB AND ABSTAINED FROM DISCUSSIONS
RELATING TO SAID SPONSORSHIPS
* AIRASIA-BDO FOUND CO'S AIRCRAFT PROCUREMENT PROCESS
ROBUST;
PROCESS WAS COMPLIED WITH & AIRCRAFT ACQUISITION JUSTIFIABLE &
AT PRICES FAVOURABLE TO CO
* AIRASIA- BDO FOUND AAB'S SPONSORSHIP OF SPORTS TEAM WAS
APPROVED
IN COMPLIANCE WITH ITS PROCEDURES
* AIRASIA GROUP BHD - BDO'S REPORT PRESENTED TO AND ACCEPTED
BY
BOARD
* AIRASIA- ARISING FROM THIS, BOARD HAS RESOLVED TO
REINSTATE EXEC
POSITIONS OF ANTHONY FRANCIS FERNANDES AND KAMARUDIN BIN MERANUN

Further company coverage: AIRA.KL

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