https://www.therocket.com.

my/en/where-has-all-the-money-gone/

https://www.malaysia-today.net/2018/07/19/plugging-a-trillion-ringgit-debt-hole/

https://www.worldofbuzz.com/5-malaysian-heads-ceos-who-unexpectedly-resigned-
since-may-2018/

http://www.sarawakreport.org/2018/03/expose-how-petronas-paid-for-bns-covert-
cambridge-analyticascl-campaign-during-the-sarawak-election/

https://www.malaysiakini.com/news/462312

https://seademon.me/2017/02/15/how-petronas-was-used-as-a-bailout-bank/

https://www.malaysia-today.net/2018/11/06/how-1mdb-made-petronas-and-tnb-
richer-after-losing-more-than-rm150-billion-over-20-years/

https://www.todayonline.com/world/malaysias-finance-ministry-discovers-no-land-no-
petronas-greenlight-s31b-oil-project-scandal

http://sabahkini2.com/en/news/1637/dua-pegawai-petronas-bakal-ditahan-sprm-
kerana-skandal-rasuah-uzma-berhad/view

http://sabahkini2.com/en/news/1625/skandal-petronas-rasuah-hubungan-sulit-bakal-
selamatkan-kontrak-uzma-berhad/view
In 1988 Malaysia had the world's 22nd-largest reserves of oil and the 16th-largest
reserves of natural gas. Its exports of the two commodities accounted for 15% of
Malaysia's foreign exchange income in that year. The exclusive ownership and control of
both resources rests with Petronas (Petroliam Nasional Bhd), the only Malaysian
company to appear in the Fortune 500 list. Through subsidiaries and joint ventures,
Petronas is deeply involved in almost all aspects of the oil and natural gas industries,
across the range from upstream (exploring for and extracting oil and gas) to
downstream (refining and distributing the products). Petronas was not the first
company to extract oil or gas in Malaysia. Oil was first found in what is now Malaysia at
the end of the 19th century, and Royal Dutch/ Shell, then as now one of the majors--the
small group of leading private oil companies--first drilled for oil in Sarawak, then a
British colony, in 1910. It was still the only oil company in the area in 1963, when the
Federation of Malaya, having achieved independence from Britain six years before,
absorbed Sarawak and Sabah, both on the island of Borneo, and became Malaysia. The
authorities in the two new states retained their links with Royal Dutch/Shell, which
brought Malaysia's first offshore oil field onstream in 1968.

Read more:
https://www.referenceforbusiness.com/history2/93/PETRONAS.html#ixzz5iAuVDZYp

https://www.slideshare.net/AbdulHamzzah/oil-and-gas-company-petronas-berhad-
microeconomics-and-macroeconomics

https://artscolumbia.org/essays/introduction-of-company-petronas-commerce-essay-
951-59917/

https://www.ukessays.com/essays/commerce/introduction-of-company-petronas-
commerce-essay.php
Transparency/ communication

Promotes transparency and fairness in corporate governance reporting is very

important for market, shareholders and any company itself. Disclosure of remuneration
is one of the main disclosures to make sure that company is applying with high degree
of transparency and high standard of corporate governance.

"According to the Petronas' principles and code of corporate governance, independent

non-executive directors are to serve for a maximum tenure of nine years cumulatively
from the date of first appointment, and that no extension beyond nine years shall be
permitted. This limitation in tenure is to ensure that the highest levels of independence
of directors is preserved and maintained as a matter of good corporate governance
expected of Petronas," he added.

Pursuant to Section 230(1) of the Companies Act 2016 which came into force on 31
January 2017, fees and benefits (“Remuneration”) payable to the Directors of the
Company will have to be approved by the shareholders at a general meeting. The
Company is requesting shareholders’ approval for the payment of Remuneration to Non
Executive Directors for the period commencing from 19 April 2018 up till the next
Annual General Meeting of the Company in 2019 in accordance with the remuneration
structure set out below. The Remuneration comprises fees and other benefits-in-kind
(“BIK”) payable to the Chairman and members of the Board, and the Chairmen and
members of Board Committees.

The remuneration structure setting out the fees and BIK payable to each of the Non-
Executive Directors for their membership of

the Board and Board Committees is as follows:

Under Malaysian code on corporate governance,

file:///C:/Users/Chowyang/Downloads/thematic-review-fv-2014-remuneration-
management-boards.pdf

https://core.ac.uk/download/pdf/18517284.pdf

http://accounting-essays.blogspot.com/2011/07/why-is-structuring-of-directors.html

https://www.businesstimes.com.sg/hub/boardroom-matters/remuneration-disclosures-
%E2%80%93-is-%E2%80%9Ccomply-or-explain%E2%80%9D-enough

https://www.iod.org.nz/Portals/0/Governance%20resources/Guide_to_disclosing_direc
tor_remuneration_in_annual_reports.pdf

https://www.right2info.org/testing/deleted-stuff/remuneration-of-
executives/disclosure-of-remuneration-of-executives-and-directors-of-public-
companies-and-state-owned-or-state-controlled-companies

https://www.sun.ac.za/english/human-resources/Documents/HR%20WEB%20-
%20MHB%20WEB/Documents-
Dokumente/Remuneration%20and%20Benefits/Remuneration%20and%20Benefits/Re
muneration%20Policy/Remuneration%20Policy.pdf

http://www.petronaschemicals.com.my/Our-Company/Pages/Remuneration-
Framework-for-Non-Executive-Directors.aspx

https://www.petronasgas.com/CorpGov/Pages/Director-Remuneration.aspx

https://www.mymesra.com.my/Leadership-@-Board_of_Directors.aspx

https://www.mymesra.com.my/assets/contentMS/pdf/TnC_Nomination_Committee_A
udit_Committee.pdf
https://www.mymesra.com.my/assets/contentMS/pdf/DRF-and-Revision-
Remuneration-Package-NED.pdf

https://www.thestar.com.my/business/business-news/2017/08/08/petronas-tops-new-
transparency-report/

https://www.petronasgas.com/IR/Documents/Annual%20Reports/PetGasFullReport201
6.pdf

https://www.mswg.org.my/sites/default/files/MSWG_1-4_V3.pdf

https://www.nst.com.my/business/2018/06/377833/changes-seen-petronas-board