A COMMENTARY on Singapore Post’s choice of special auditor published in The Business Times on Thursday was a possible culprit for the stock’s 6.5 per cent plunge to a 22-month low that day, the postal and e-commerce group has claimed.
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Read MoreFor SingPost to transform successfully, it needs a strong, effective board unencumbered by conflict of interest, good corporate governance, and a strong management team
Read MoreIn a study of 31 firms that had appointed a special auditor since 2011, only SingPost has picked its external auditor, or its internal auditor, to undertake the special audit.
Read MoreRECENT news media reports following the announcement of the special audit by Singapore Post (SingPost) have focused much attention on the so-called “administrative oversight” relating to the failure to disclose the interest of SingPost’s lead independent director, Mr Keith Tay, in its announcement of the acquisition of FS MacKenzie.
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