The principal shareholders are the co founders – Editor in Chief Steven Gan and CEO Premesh Chandran. Together they own just over 60% of Mkini Dotcom Sdn Bhd, the company behind Malaysiakini.com. The Media Development Investment Fund bought 29% of the company in 2002. Steven and Premesh and MDIF CEO Harlan Mandel form the board of directors. Among the rules governing the organisation, is that the board shall not interfere with editorial matters.
Remaining shareholders include current and former staff who received equity through a staff share ownership scheme and others who have contributed to the organisation, including four who provided the original start up capital – trade unionist Bruno Pereira, social activist Joseph Paul, former human rights activist and now member of parliament Sivarasa Rasiah and his sister in law, ..
There are no ‘hidden’ shareholders or sources of funding. No shareholder is a proxy for any other party.