ON June 16, Singapore Post (SingPost) released a code of business conduct and ethics for directors (the Code) and new policies governing directors' conflicts of interest (COI) policy and board renewal and tenure. This was followed by the release of the notice of its 2016 annual general meeting and its latest annual report on June 22.

The recent initiatives are excellent. However, there are questions that shareholders should consider asking the company and its auditor at the AGM on July 14.

While most companies have a code of conduct or ethics, they are generally targeted at employees and usually do not specifically address issues that are relevant to directors. Further, as non-executive directors are not employees, such codes are not directly applicable to them.