Deciphering SingPost's governance review report
In future, the company should pick only consultants that provide practical advice and write reports that can be understood.
Add BT as a preferred source
THE long-awaited report on the corporate governance review of Singapore Post (SingPost) by the consulting firm Heidrick & Struggles was finally published on July 4.
A recent Straits Times report (July 5) quoted me as saying that "I think that implementing the recommendations . . . should go a long way towards addressing not only the disclosure lapses but also some other issues I had raised, such as the size, independence and competencies of the board". The report did not mention what I thought about the SingPost report and my reservations about some of the findings and recommendations.
When I read the executive summary of the special audit report released in May, I wished that I was able to read the full report. When I read the executive summary of the corporate governance review report, my thought was "God help those who have to read the full report".
Copyright SPH Media. All rights reserved.
TRENDING NOW
JLL retrenches some Singapore staff following restructuring
How China’s young workers are securing their future even as AI disrupts job market, triggers pay cuts
‘We’re not a bubble tea brand’: Chagee aims to double Asia-Pacific footprint to 600 stores by 2027
Middle East-linked energy supply shocks put Asean Power Grid back in focus
