tag:blogger.com,1999:blog-17473688.post112866871679930371..comments2024-03-28T17:31:22.152+08:00Comments on My Singapore News: corporate governance and misplaced trustChua Chin Leng aka redbeanhttp://www.blogger.com/profile/11743716923635835397noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-17473688.post-1129340635469875822005-10-15T09:43:00.000+08:002005-10-15T09:43:00.000+08:00jackson tai of dbs was unhappy that public compani...jackson tai of dbs was unhappy that public companies are expected to report quarterly financial statements as a means towards greater transparency and good corporate governance. the value of such frequent reportings may not really achieve the desired results except more works for the finance people and management which can be used for more productive purposes. its value thus is very subjective.<Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-1129166956759947562005-10-13T09:29:00.000+08:002005-10-13T09:29:00.000+08:00another worm is uncanned today. the paper reported...another worm is uncanned today. the paper reported that ex mp lew syn pau, a chairman and director of a string of companies, have violated the companies acts and is being charged in court.<BR/><BR/>lew, an ex mp and a scholar, is one of the supertalents that sits in many boards and wears many big hats.<BR/><BR/>with his generous incomes from all the directorships and chairmanship, it is unlikely Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-1129103960313036722005-10-12T15:59:00.000+08:002005-10-12T15:59:00.000+08:00has the administering of corporate governance flou...has the administering of corporate governance flouted some of these basic principles? are we still appointing related people by related people or by management to be independent directors?<BR/><BR/>are our independent directors beholden to the management who appointed them?<BR/><BR/>are their appointments and remunerations tied to the approval of management?<BR/><BR/>or we are just kidding?Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-1129090613888468922005-10-12T12:16:00.000+08:002005-10-12T12:16:00.000+08:00some of the key prerequisites for good corporate g...some of the key prerequisites for good corporate governance.<BR/><BR/>1. an independent body to appoint independent directors to the board.<BR/><BR/>2. the appointed directors must not be beholdened to the management and their rewards and terms of service must also be independent of management.<BR/><BR/>3. the independent directors must not be connected or related to the management.Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.com