Response to consultation paper on enhancing continuous disclosure rules

Saturday, January 20th, 2018

SGX must be prepared to take action or to block transactions that violate these general principles. In particular, they should be prepared to block transactions that clearly lack commercial substance.

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Is SGX Regco being compromised?

Saturday, January 20th, 2018
SGX_Before_and_After

To be honest, I feel that SGX Regco is so busy with these market-friendly initiatives that I am worried that it is neglecting its regulatory role, as we have yet to hear of any new initiatives to improve enforcement.

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Datapulse Technology’s Chairman: More “Clarifications” Needed?

Friday, January 19th, 2018

To an investor, whether directors or their companies have been subjected to regulatory action is important information. I certainly look at this when companies announce the appointment of directors.

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Regulatory enforcement: Then and now…..

Wednesday, January 17th, 2018

It may be time for me to write another paper on this subject again and to review our enforcement of rules. However, I am not sure if my conclusion will still be that “enforcement actions have generally been prompt”.

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What Does Integrity Really Mean?

Monday, January 15th, 2018

If a company or someone chooses to pay bribes, it is their choice and they should face the consequences if they are caught. But they should not brazenly proclaim that they have integrity if they do so. That’s just hypocrisy.

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Remuneration: Pay Fairly, But Do It Right And Be Transparent

Thursday, January 11th, 2018

Those paying higher director and key management remuneration tend to be less transparent

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‘Doing the right thing’ isn’t so simple

Saturday, January 6th, 2018

Note: Someone asked me about other articles I have written on bribery and corruption. I have posted another one below that I have found in my collection which was published more than 7 years ago, about bribery and corruption risks as our companies venture overseas. The article mentioned an anti-corruption conference, which leads to a […]

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If the Board doesn’t ask, the Board wouldn’t know

Friday, January 5th, 2018

When things go badly wrong, such as in the recent Keppel Offshore and Marine (KOM) scandal, which has resulted in a US$422 million penalty being imposed, a common response of the board of directors is: “We did not know”.

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Datapulse Technology: going about it the wrong way

Wednesday, January 3rd, 2018

Why was the board in such a hurry that it took just five days to almost completely re-constitute the board (without the involvement of any of the former independent directors) and complete the acquisition? Was there a pre-Christmas sale that the board needed to take advantage of? Did it come with free gift-wrapping?

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The risks of having minority controlling shareholders in firms

Thursday, December 28th, 2017
agm_bento_box_cartoon_revised

Such stakeholders can exploit their control at the expense of the company and other minority shareholders without being caught by interested person transaction and other rules.

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