Major corporate ownership across large Malaysian entities like SD Guthrie Berhad and Sime Darby Berhad is fundamentally anchored by prominent national institutional investors rather than individual private owners. Permodalan Nasional Berhad (PNB), alongside the Employees Provident Fund (EPF) and other government-backed pension and investment funds, commands the vast majority of institutional equity blocks. These massive financial bodies exercise substantial voting power during annual general meetings and play a critical governance role in steering corporate policy and long-term strategic directions.