Business

Thursday September 3, 2009

Ali named FRF chairman


KUALA LUMPUR: Datuk Ali Abdul Kadir has been appointed chairman of the Financial Reporting Foundation (FRF) effective July 1.

A Malaysian Accounting Standards Board (MASB)’s statement said Ali’s appointment by the Finance Minister was to replace Datuk Johan Raslan, whose term ended on June 30.

Ali, a former chairman of the Securities Commission (SC), was also chairman of Ernst & Young and chief executive officer/head for Asia for Dubai Investment Group. The MASB has the sole responsibility to issue approved accounting standards for application in Malaysia.

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