Bumitama Agri

Bumitama Agri: referring to pg 179 of the prospectus that CEO Lim Gunawan Hariyanto, 52, obtained his Master of Business Administration
(MBA) from the University of Beverly Hills, California, in 1983, The Straits Times noted that this university was an unaccredited institution that subsequently closed in 1986. The university was reported described as a non-traditional school that awarded degrees based on life experience and lacked accreditation for at least part of the time it operated, and was described as a 'diploma mill' by some critics'.

Nevertheless, Mr Lim received his bachelor's degree from a more reputable institution - he graduated from the School of Business at the University of Southern California in 1981, with a Bachelor of Business Administration. The university has been ranked among the top 25 in the United States.

Some finance industry experts said investors should not be too alarmed by the questionable source of Mr Lim's MBA, as what is important is not only an executive's educational background, but also his business experience and track record.
Though others acknowledged it might have been better if the disclosure of a CEO’s qualifications and professional experience was made in a spirit of integrity and transparency.