Tan Sri Dato' Lee Shin Cheng
Malaysian, age 80, Male
Demised on 1 June 2019
Tan Sri Dato’ Lee Shin Cheng was appointed to the Board on 1 June 2013.
He is also the Executive Chairman and founder of IOI Group. Tan Sri Lee is an entrepreneur with considerable experience in the plantation and property development industries. He is pivotal to the operations of IOI Group, having founded the plantation and property businesses more than 25 years ago. Through his entrepreneurial leadership and stewardship, strategic vision, guidance, wisdom as well as his vast experience, IOI Group has grown in tandem to become one of the leading plantation and property groups in Malaysia.
As our Executive Chairman, he oversees the day-to-day operations of the Group and also provides coherent leadership in leading the Board of IOI Properties Group Berhad including, effective communication with stakeholders as well as providing entrepreneurial leadership and stewardship in the charting of IOI Properties Group’s future direction.
In October 2017, Tan Sri Lee was conferred the Honorary Degree of Doctor of Science by Universiti Malaya for his contributions to science and advocating-related causes for the betterment of society. Prior to that in February 2002, Tan Sri Lee was also conferred the Honorary Doctorate Degree in Agriculture by Universiti Putra Malaysia in recognition of his contribution to the palm oil industry.
In acknowledgement of Tan Sri Lee’s remarkable successes and contribution to country's development, Tan Sri Lee was one of the award recipients of Malaysian Fujian Exemplary Leaders and Outstanding Entrepreneurs Awards organised by the Federation of Hokkien Associations Malaysia in September 2017. Tan Sri Lee was also bestowed the singular honour of FIABCI Malaysia Property Man of the Year 2001 Award in recognition of his immense contributions to the evolving needs and aspirations of the property industry in Malaysia. In 2006, Tan Sri Lee was conferred the Fellowship of the Incorporated Society of Planters (“FISP”) by Malaysia’s ISP. In October 2008, Tan Sri Lee was conferred Honorary Fellowship of the Malaysian Oil Scientists’ and Technologists’ Association (“MOSTA”) for his outstanding contributions to agriculture, in particular the oleochemical and specialty oils and fats. Tan Sri Lee was also awarded the prestigious Malaysian Palm Oil Association (“MPOA”) Recognition Award 2011 for his outstanding contributions and leadership in the plantation industry. In recognition of Tan Sri Lee’s leadership efforts and qualities in Malaysian palm oil industry, he was awarded the Palm Oil Industry Leadership Award in September 2015 by Malaysian Palm Oil Council (“MPOC”).
Tan Sri Lee was a Council Member of the East Coast Economic Region Development Council (“ECERDC”) for the Government from 2008 to 2014.
Tan Sri Lee is also active in providing his advice and guidance to a large number of industry groupings, associations and social organisations. He serves as, among others, the Honorary President of the Associated Chinese Chambers of Commerce and Industry of Malaysia (“ACCCIM”).
Tan Sri Lee is the father of Dato’ Lee Yeow Chor, Lee Yeow Seng and Lee Yoke Har.
Tan Sri Lee is deemed in conflict of interest with IOI Properties Group by virtue of his interest in certain privately-owned companies which are involved in similar business of property investment and property development. Except for certain recurrent related party transactions of a revenue or trading nature which are necessary for day-to-day operations of IOI Properties Group and for which Tan Sri Lee is deemed to be interested is disclosed under the notes to audited financial statements section of the Annual Report, there are no other business arrangements with the Company in which he has personal interest.