11/29/2006

buddy buddy appointment! goosh!

Buddy buddy appointment It has taken so long for the independent directorship system to show its flaws and to be recognised that it is flawed. Geez, are people, intelligent people, that blind? Any layman would be able to see through the fallacy of such a system when friends and relatives were appointed as independent directors to be watchdog over corporate misconducts. It is as good as appointing robbers to be security guards. SIAS has finally acknowledged that this buddy buddy system must be changed and a neutral third party body is important in the appointment of independent directors. Now will the rightful authority do the necessary? Or will the farce continue? I am waiting for a call from David Gerald after such a long wait. Maybe my proposal has gone down the rubbish chute and lost. I am going to send him a reminder on this.

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redbean said...

And I agree with socaps that no one will invite someone to watch over them when they are having a feast. The vultures will watch and protect their carcass and chase away any intruders.

I have made this suggestion and proposed to take the lead but the reply was, as expected, it will not work. They knew better than me. But it is good that my suggestion is now in the open and spoken by David Gerald himself. Maybe the door is creaking open a little and a little light is shining through. It used to be a dark black wall of stony silence. And the party goes on behind the wall.

When will our 'Berlin Wall' be taken down?

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