PETALING JAYA: The entire Khazanah Nasional board of directors have submitted their resignation letters after reaching a unanimous decision that Tun Dr Mahathir Mohamad's administration should determine the company's new leadership structure.

Singapore's The Straits Times reported on Thursday (July 26) that Khazanah managing director Tan Sri Azman Mokhtar and eight other members of the sovereign wealth fund's board decided to resign after a special board meeting on Tuesday (July 24).