Phnom Penh Autonomous Port (PPAP) held its first general shareholder meeting last week, electing its first independent board members in a bid to ensure greater transparency in corporate governance, a company official said yesterday.
Kong Channy, PPAP’s manager of secretariat, said four independent directors were elected to the board for three-year terms.
“Before we only had the state represented on the board and no members from the private sector,” he said.
“Now we will see more lively discussions because we have input from the private sector.”
PPAP, which operates the capital’s river port, floated a 20 per cent stake on the CSX last December.