EPF defends its move to exit troubled companies

Sharing insights: (from left) Moderator and CNBC Asia’s Sri Jegarajah together with Shahril Ridza, Wan Kamaruzaman, Abdul Rahman and Khazanah Nasional Bhd executive director and strategy head Ahmad Zulqarnain at the conference.

KUALA LUMPUR: While institutional investors are often criticised for “taking the easy way out” when they exit troubled companies, it is sometimes wiser to leave when the investee company refuses to make changes, said the Employees Provident Fund (EPF).

Speaking at the Invest Malaysia 2017 conference, EPF CEO Datuk Shahril Ridza Ridzuan gave the example of its decision to exit Malaysia Airlines.