Business

Sime Darby Plantation’s shares drop after human rights experts resign

Andy Hall, Justine Nolan’s departure potential setback in company’s efforts to overturn US import ban

Updated 5 years ago · Published on 15 Jul 2021 12:00PM

Sime Darby Plantation Bhd says it will not change its commitment to completing the assessment of its labour practices and ensuring independent oversight. – Bernama pic, July 15, 2021

KUALA LUMPUR – Sime Darby Plantation Bhd’s (SDP) shares dropped 1.07% following news that two of its human rights commission experts have resigned.

It was reported that the resignations were due to a lack of transparency – a potential setback in the company’s efforts to overturn a United States import ban.

Migrant rights activist Andy Hall and human rights lawyer Justine Nolan, who joined just six weeks ago, told Reuters that their resignations were effective Tuesday.

In response to the resignation, SDP said it will not change its commitment to completing the assessment of its labour practices and ensuring independent oversight.

As at 10.25am, the company’s share price fell four sen to RM3.70, with 513,200 shares transacted. – Bernama, July 15, 2021