S’pore firms must be mindful of anti-bribery laws elsewhere

Wednesday, December 27th, 2017

Note: Over the years, I have written many times on the subject of bribery and corruption risks for Singapore companies doing business overseas. In light of the recent US$422 million fine imposed on Keppel O&M, I have decided to post some of my older articles on this subject here. First published in Business Times on […]

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More credible responses needed from S’pore firms accused of bribery abroad

Saturday, December 23rd, 2017

Singapore companies that do business overseas need to take a good hard look at their compliance programmes, strategies, incentive systems and business practices and adopt a more measured approach when responding to bribery allegations.

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Datapulse Tech: More questions about disclosures, corporate governance

Wednesday, December 13th, 2017

How can directors be considered independent if their appointments are so closely linked to a controlling shareholder such that they resign as soon as there is a change in controlling shareholder? How can independent directors be considered independent when they are clearly appointed by the controlling shareholder?

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YuuZoo’s long reply still does not address issues over its response to SGX queries

Friday, October 13th, 2017

YuuZoo COO’s long letter on my October 6 article in Business Times totally ignores much of the crux of that article which was about its response to SGX queries regarding its (restated) Q1 2017 and Q2 2017 results and the incorporation of YuuLog Europe.

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Regulatory and market enforcement are complements, not substitutes

Saturday, September 9th, 2017

There is much in Thio Shen Yi’s article Time to open the gates for shareholder activism?, (BT, Sept 1) that I agree with. Indeed, there is a need for Singapore to provide shareholders with better access to justice. Despite the Companies Act now allowing shareholders of public-listed companies to initiate statutory derivative action against directors, there remain significant barriers to shareholder enforcement here, as Mr Thio has pointed out.

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Don’t assume new board will lead to good corporate governance

Tuesday, February 14th, 2017

THE report “Natural Cool board ouster leaves doubts over stake divestment” (BT, Feb 10) made reference to questions that I posed as a shareholder at the extraordinary general meeting (EGM) of Natural Cool Holdings held on Feb 8.

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SingPost special audit report should reveal full methodology

Sunday, May 8th, 2016

I refer to the executive summary of the special audit report released by Singapore Post (SingPost). The special auditors did a professional job but may have been hampered by certain limitations in their work.

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Take corp governance to the next level at SingPost

Saturday, April 16th, 2016

RECENT announcements about board changes at Singapore Post (SingPost) have given me hope that the company will transform its board just as it is transforming its business.

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SingPost should reveal identity of independent consulting firm

Tuesday, March 29th, 2016

I REFER to the announcement, “Update on special audit and corporate governance review” by Singapore Post (SingPost) on Jan 19.

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Meaningful quarterly reporting can improve governance and transparency

Tuesday, February 16th, 2016

The headline for the article “Focus on quarterly earnings contrary to long-term value creation: BlackRock CEO” (BT, Feb 3) may give the impression that a major asset manager is opposed to quarterly financial reporting.

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