EcoWorld informed that its non executive director Benjamin Teo Jong Hian has resigned from the group as to avoid any potential conflict of interest in view of the similar nature of business between Eco World International and Paramount Corporation Group Berhad
Benjamin was appointed to Eco World in August after Paramount acquired a stake in the group, he joined as the non executive director of the group and was the Deputy Group Chief Executive Officer and Executive Director of Paramount.. He is also a major shareholder of Paramount Corporation Berhad.
The conflict arises since he sits on both board which the companies have similar business interests.
