INVESTORS, BEWARE OF COCKROACHES
According to Warren Buffett: “In the world of business, bad news often surfaces serially: you see a cockroach in the kitchen; as the days go by, you meet his relatives.”
Read MoreAuthor: Mak Yuen Teen
Regulatory and market enforcement are complements, not substitutes
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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Scrapping quarterly reporting a bad move
It’ll worsen information disparity between insiders and investors; neither continuous disclosure nor stronger regulation is a substitute.
Read MoreExcelling In GIFT
On June 29, a new governance index dedicated to real estate investment trusts (REITs) and business trusts (BTs) in Singapore was launched. This index, called Governance Index For Trusts or GIFT, was developed by Chew Yi Hong, an active investor and corporate governance researcher, and me with the help of a group of NUS accountancy honours students. It is supported by CPA Australia.
Read MoreRESPONSE TO APPOINTMENT OF INDEPENDENT THIRD PARTY AT YUUZOO
I have been a keen observer of corporate governance in Singapore and internationally for almost twenty years but I have never seen a company quite like YuuZoo Corporation (YuuZoo).
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