[1] There are two applications for judicial review. Suit No R2-25-466-2010 is an application by Gan Boon Aun, who was the Chief Executive Officer (CEO) of Transmile Group Berhad. The applicants in Suit R2-25-467-2010, Khiudin Bin Mohd and Shukri Abdul Tawab were directors and members of the Audit Committee of the Board of directors of the same company. Both applications arise from the same set of facts and are heard together. The applications for judicial review are made of the respondent's decision in imposing penalties including public reprimands and fines on all the applicants as directors of Transmile Group Berhad (Transmile). Transmile was a company listed on Bursa's Official List. There were allegations of breaches of Listing Requirements by Transmile resulting on the punishment meted out by the listing committee on the applicants. On appeal the appeals committee upheld the decision of the listing committee.