When four may not be enough
Can S i2i's four-member board bring in the much-needed real results?
IF a large board is frowned upon as it can be unwieldy, then a small one ought to raise questions on its effectiveness to raise shareholder value.
Pick the number four; then make that two independent directors and two non-independent non-executive directors including a chairman who is majority owner of the firm.
What do we get? S i2i Ltd - a mainboard-listed firm formerly known as Media Ring, whose flagging business of distributing telecom and IT-related products and services pushed it to the corporate sidewalks of the Singapore Exchange's (SGX) dreaded watch list in March last year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Barclays is the latest firm to face anti-ESG wrath in Oklahoma
Barclays prices mortgage-backed notes in deal with GoldenTree
ExxonMobil to take 18 to 24 months to hit full stride with Pioneer purchase
Luminar to cut nearly 20% jobs as part of restructuring
TD risks an earnings hit from US laundering probe, analysts say