Wei Ping Leong
About Wei Ping Leong
Independent director since August 2024; Audit Committee Chair and audit committee financial expert. Background includes statutory/internal auditing and advisory at KPMG; founder of Sands Capital Sdn Bhd (2012–2013); co‑founder of ZORIXchange (crypto exchange). Education: B.Com in Accounting & Finance (Curtin University) and M.Com in Accounting & Finance (Macquarie University). The Board has affirmed his independence under Nasdaq rules and designated him an audit committee financial expert .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| KPMG and other professional firms | Auditor/Advisor (statutory/internal audit; IPOs, M&A advisory) | Prior to 2012 | Built technical audit/advisory expertise applicable to audit chair responsibilities . |
| Sands Capital Sdn Bhd | Founder | 2012–2013 | Led audit/advisory operations; governance and controls experience . |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| WInvest Global Sdn Bhd | Director | Since 2013 | Private Malaysian entity; business/strategy experience . |
| Asia Television Digital Media Limited | Executive Director | Since 2020 | Media company; executive oversight experience . |
| ATV News Southeast Asia | Director | Since 2021 | Media/news; regional governance exposure . |
| ZORIXchange | Co‑Founder | N/A | Crypto exchange; business development and revenue strategy . |
Board Governance
- Committees: Audit (Chair), Compensation (Member), Nominating & Corporate Governance (Member) .
- Independence: Board determined Wei Ping Leong to be independent; audit committee composed solely of independent, financially literate directors; Leong designated audit committee financial expert under Item 407(d) .
- Audit Committee activity: Committee met four times in FY 2024; conducts risk reviews, private sessions with auditors/CFO; oversees auditor selection, independence, and related‑party transaction approvals .
- Governance infrastructure: Committee charters posted; shareholder access and correspondence handling defined via Nominating & Governance Committee .
Fixed Compensation
| Component | Amount | Currency | Effective Date | Notes |
|---|---|---|---|---|
| Independent director monthly retainer | RM 5,000 | Malaysian Ringgit | August 29, 2024 (Leong) | Approx. USD $1,177 at RM4.2435/USD as of June 13, 2025 . |
| Committee chair fees | Not disclosed | — | — | No specific audit chair premium disclosed for Leong in latest proxy . |
| Meeting fees | Not disclosed | — | — | No meeting fee structure disclosed for current directors . |
Performance Compensation
| Item | Disclosure |
|---|---|
| Performance‑linked cash (bonus) | Not disclosed for non‑employee directors; Compensation Committee sets cash/equity awards and may use peer analyses . |
| Equity awards (RSUs/PSUs/options) | Company disclosed no stock options granted in FY 2024; equity awards for prior independent directors were waived in FY 2023; no current equity plan details for non‑employee directors disclosed for FY 2025 . |
| Performance metrics (TSR, EBITDA, ESG) | Not disclosed for directors; committee retains discretion on future equity awards . |
Other Directorships & Interlocks
| External Board/Role | Potential Interlock/Conflict | Company Disclosure |
|---|---|---|
| Asia Television Digital Media Limited (Executive Director) | Media sector; no disclosed TGL business dealing | No related‑party transactions >$120k reported involving Leong . |
| ATV News Southeast Asia (Director) | Media/news; no disclosed TGL business dealing | No related‑party transactions >$120k reported involving Leong . |
| WInvest Global Sdn Bhd (Director) | Investment/advisory; no disclosed TGL business dealing | No related‑party transactions >$120k reported involving Leong . |
| ZORIXchange (Co‑Founder) | Crypto; potential sector adjacency | No related‑party transactions >$120k reported involving Leong . |
Expertise & Qualifications
- Accounting/finance expertise; audit committee financial expert designation .
- Statutory/internal audit, capital markets advisory (IPOs, cross‑border M&A) .
- Graduate training in accounting & finance (Curtin, Macquarie) .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Record Date |
|---|---|---|---|
| Wei Ping Leong (Director) | — (zero) | <1% | November 14, 2025 . |
| Shares outstanding | 16,962,004 | — | November 14, 2025 . |
Governance Assessment
-
Positives:
- Independent audit chair with audit committee financial expert status—strengthens oversight of reporting, internal controls, and related‑party review .
- Active audit committee cadence and private sessions with auditors/CFO—supports board effectiveness in risk oversight .
- No related‑party transactions >$120k disclosed involving Leong—limits conflict risk .
-
Watch items / potential RED FLAGS:
- Zero share ownership as of Nov 14, 2025 indicates limited direct economic alignment with shareholders unless ownership changes; consider monitoring future equity grants or purchases .
- Multiple external roles (including crypto exchange co‑founder) could pose potential conflicts if TGL engages in overlapping business or transactions; company reports no such related‑party dealings to date .
- Lack of disclosed performance‑linked director pay or stock ownership guidelines for directors reduces explicit pay‑for‑performance alignment at the board level .
-
Overall implication for investor confidence:
- Technical audit expertise and independent chair role are governance strengths; alignment could be improved through disclosed equity ownership or policy guidelines. Continued monitoring of related‑party transaction disclosures and director ownership would be prudent .