Independent Non-Executive Director
Malaysian, Age 67, Male
DATUK KAROWNAKARAN @ KARUNAKARAN A/L RAMASAMY was first appointed to the Board on 17 January 2011.
Datuk R. Karunakaran obtained a Bachelor of Economics (Accounting) (Honours) degree from the University of Malaya in 1972. He joined the Malaysian Industrial Development Authority (“MIDA”) in August 1972 and served in various positions including Deputy Director, Director, Deputy Director-General and Director-General. He also served as a Director of MIDA Singapore, Cologne (Germany) and London. Having served MIDA for about thirty-six (36) years, Datuk R. Karunakaran retired as the Director-General of MIDA in June 2008, a position he held for about four (4) years. During his service with MIDA, he was responsible for the promotion and coordination of the development of the manufacturing and services sectors in Malaysia including promoting domestic and foreign investment in Malaysia. He was also a member of the Cabinet Committee on Investment.
Datuk R. Karunakaran is the Chairman of the Audit and Risk Management Committee as well as member of the Governance, Nominating and Remuneration Committee of the Company.
He is the Chairman of Integrated Logistics Berhad, Etiqa Insurance Berhad and Etiqa Takaful Berhad. He is also a Director of Malayan Banking Berhad, Maybank Ageas Holdings Berhad, Maybank (Cambodia) Plc and Bursa Malaysia Berhad. He is also a Director of several private limited companies.
He attended seven (7) out of the eight (8) Board Meetings held during the financial year ended 30 June 2017.