Performance bonus spat may be just the tip of an iceberg
The Lian Beng case raises many issues relating to executive remuneration and corporate governance challenges in family-controlled and family-run firms.
Read MoreAuthor: Mak Yuen Teen
Noble accounting saga: It’s the message that counts, not the messenger
Ms Christie Loh (“Iceberg does not deserve the legitimacy it is being given”, BT, July 23) displays an unhealthy trait of shooting the messenger. In criticising all and sundry for writing about the accounting and corporate governance issues in Noble Group, she did not offer any evidence to refute what has been said about Noble. One may question her motivation for her missive against Noble’s critics.
Read MoreSGX should identify overseas firms and risks of investing in them
I REFER to the announcement by Noble Group on July 14 that it has appointed David Yeow, a lawyer who is resident in Singapore, as a new independent director. On June 20, I wrote to the Singapore Exchange (SGX) asking if Noble was granted a waiver from rule 221 of the Mainboard Rulebook.
Read MoreNoble should pay heed to its corporate governance
The third report issued by Iceberg Research and some commentators have touched on the corporate governance of Noble Group, in particular the long tenure of some of its independent directors. However, there has not been an in-depth assessment of its corporate governance.
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New misadventures in independence
A FEW years ago, I expressed frustration on the issue of independence of independent directors or IDs (“Looping around the problem”, BT, July 5, 2010) and said that “the lack of independence of independent directors here is such an intractable issue that there’s little hope of any improvement”.
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