Author: Mak Yuen Teen

The inability or unwillingness of boards, shareholders and regulators to hold directors accountable creates moral hazard and results in a downward spiral in behaviour in our market. 

The apparent lack of action taken by regulators for “inadvertent omissions” adds to the continuing degeneration of our so-called disclosure-based regime.

Has Datapulse truly put its recent questionable past behind it, or could this to be a false dawn? Shareholders should attend the AGM to find out.

The article here, which is largely about Malaysian corporate governance, but which also sounded a warning about Singapore corporate governance, was published in the Business Times in July 2009. It may be particularly relevant given the state of our market today. The complacency I warned about may have caught up with us.