Thursday, December 06, 2007

Ran Out of Excuses for KLSE

Gold Bridge Engineering & Construction Bhd, a public listed company in Malaysia, was unable to submit their unaudited financial report for its first quarter ended 30 Sept 2007 to the Kuala Lumpur Stock Exchange ("KLSE") within the given timeframe.

The reason given were “loss of senior management” and “lack of accounting staff support”. If KLSE is to accept this then the rest of the listed companies will take advantage of this precedence.

Gold Bridge should have anticipated that the loss of such critical staff would have detrimental effects on its financial report submission. You mean to say their Human Resource Dept and the Board of Directors couldn't foresee such situation?

I have heard from many local human resource practitioners that their bosses' mindset are usually like this - "let them leave as we can find another replacement". Egoistic problem?
Tags: Human Resource Dept, Board of Directors, Gold Bridge Engineering & Construction Bhd, Kuala Lumpur Stock Exchange, KLSE, Public Listed Company, Unaudited Financial Report, Accounting Staff



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