THE connection of a former director of Catalist-listed No Signboard Holdings : 1G6 0% with a billion-dollar money laundering bust is the latest warning that companies should exercise greater care in their selection of directors.

To be clear, investigations are still ongoing and the former director has not been found guilty of any offences. Nonetheless, his role at No Signboard should raise some eyebrows. What good is a director who appears to do nothing on a board?

No Signboard on Aug 22 issued an announcement clarifying that Su Haijin was not involved in the day-to-day operations of the company.