The risks of having minority controlling shareholders in firms
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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Author: Mak Yuen Teen
S’pore firms must be mindful of anti-bribery laws elsewhere
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...
Read MoreBeware the risks from corruption
Risks associated with poor ethics, governance and compliance will threaten the survival of our companies if they do not learn to accept them as part of the new business reality and put in place measures to address them.
Read MoreDatapulse’s “clarification” of non-disclosure of regulatory action
There is no explanation as to how the incorrect disclosure was made in the first place.
Read MoreUnsatisfactory response from Datapulse Technology leaves yet more unanswered questions
I am not questioning the need to diversify Datapulse’s business, but rather with the lack of transparency on whether the Board plans to continue its current business, its future plans, the quality of the decision-making and whether the new Board has the independence, competencies and experience to objectively and competently evaluate diversification opportunities.
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