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SBIO: corporate governance at the edge

The case raises wider issues as to whether sponsors are really equipped to fulfil their responsibilities.

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Given the speed with which the four new directors were parachuted into SBI Offshore, the newly constituted board may not be fit for purpose.

SBI Offshore (SBIO) and its boardroom tussle challenge the boundaries of good corporate governance and raise important questions about independence, competencies and attributes of directors, and difficulties that small and medium-sized enterprises (SMEs) often face in putting together a skilled