Author: Mak Yuen Teen

At the Change of Board EGM, shareholders can question both the current directors and the proposed directors. I have consistently written that shareholders should ask questions of directors who are proposed for appointment, in order to assess their suitability and not vote blindly for directors. Given the important role played by directors, no one should get a free pass to the board.

A more apt name for our disclosure-based regime may be YOYO or You’re On Your Own.

This is my response to the SGX consultation paper on quarterly reporting. I am proposing a risk-based approach to complement the current approach based on market capitalisation.

Lapses in disclosure and due diligence continue to undermine minority shareholders’ interests.

Note: This is an updated and extended version of my preliminary response  to the company’s announcement on January 30, 2018. A more detailed response may be provided after I have gone through all the company’s recent...