Author: Mak Yuen Teen

It does not appear to me that the query system is doing enough in ensuring the investors are sufficiently informed and adequately protected.

While SGX Regco’s initiative is a good step forward, a lot more needs to be done to improve market conduct and to ensure directors and key officers take their responsibilities seriously.

Where there is a lack of proper governance around the compilation of ratings or judging of awards, or subjective assessments of individuals involved in owning, governing and managing companies are disregarded, the chances of getting it wrong is much higher.

This is fundamentally a case of a highly promising company which has taken on too much too quickly, without sufficient attention to proper risk management. It is as far as I can see not a case of egregious behaviour or outrageously bad governance – unlike Noble and some other companies.