Can Appointment Of Lawyer Nasser Yusof As Ined Reverses Smtrack S Sliding Fortune

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SMTRACK Bhd, a provider of radio frequency identity (RFID) tag and other tagging solutions, has recently announced the appointment of Mohammed Nasser Yusof as its new independent non-executive director (INED) to strengthen the group’s governance framework amid its ongoing business diversification efforts.
A seasoned legal practitioner, Naseer, 44, brings over 12 years of experience in general litigation, industrial relations, medico-legal matters, Islamic finance and regulatory compliance.
He is currently the principal partner of The Law Chambers of Fauzi & Nasser where he advises clients on contractual matters, corporate governance, litigation strategy and compliance requirements.
Moreover, he also holds a Shariah for Banking & Finance Certificate which adds depth to his corporate advisory capabilities.

Nasser who has previously served as legal advisor to major organisations including Limkokwing University of Creative Technology International and BSL Containers (HK) Ltd joined the SMTrack board effective Oct 31.
The appointment of Nasser who also sits on SMTrack’s audit committee, risk committee, nomination committee and remuneration committee coincided with the resignation of fellow INED Chua Ser Terk, also 44, “due to other work commitment” on Oct 28.
“Nasser brings a strong legal foundation and valuable regulatory insight that will enhance the Board’s oversight and strategic direction,” commented SMTrack’s deputy executive chairman Datuk Azmi Osman.
Mohammed Nasser Yusof“His experience across litigation, compliance and Shariah-related advisory work will support SMTrack as we strengthen governance and drive our multi-sector growth strategy.”
Azmi further expects Nasser’s coming on board to support the group’s commitment to board diversity, thus reinforcing its focus on accountability, compliance and long-term value creation as SMTrack embarks on expansion into technology, aviation, wellness, property, consultancy and the F&B (food & beverage) sectors.
At the close of today’s (Nov 19) market trading, SMTreack was untraded at 1 sen which gave it a market capitalisation of RM13 mil. –  Focus Malaysia

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