KUALA LUMPUR: Tanjung Offshore Bhd executive director Tan Wee Koh and independent and non-executive director Shahrizal Hisham Abdul Halim have both resigned from the oil and gas services company, citing “personal reasons”.

Tanjung Offshore (fundamental: 1.85; valuation: 0.6), in separate filings with Bursa Malaysia yesterday, also announced the appointment of two new independent and non-executive directors — Datuk Suraj Singh Gill, 44, and Datuk Syed Hussian Syed Junid, 54.

Suraj is the co-founder and managing partner of Deol & Gill, a mid-sized boutique full-service legal firm, while Syed Hussian is the director of business operations and sales support Asia at Western Digital Sdn Bhd. Syed Hussian is also a senior independent non-executive director in AWC Bhd.

Shahrizal, along with George William Warren Jr and Datuk Ab Wahab Ibrahim were members of an independent committee (IC) established by Tanjung Offshore’s board of directors this year to review some of its past deals, among others.

Warren Jr resigned from the board last week to explore opportunities elsewhere.

Among the IC’s findings, which were released on Jan 28, were possible conflicts of interest and breaches of fiduciary duty by two of its directors, Tan Sri Tan Kean Soon and Muhammad Sabri Ab Ghani.

Kean Soon and Sabri, along with Tanjung group adviser Harzani Azmi, were then suspended from the company but had their suspensions withdrawn later on.

Tanjung Offshore shares closed up 3.96% at 52.5 sen yesterday, bringing a market capitalisation of RM199.01 million.

This article first appeared in The Edge Financial Daily, on April 1, 2015.