More questions than answers from SingPost's reply
For SingPost to transform successfully, it needs a strong, effective board unencumbered by conflict of interest, good corporate governance, and a strong management team
I REFER to the reply from Singapore Post (SingPost) to comments by me and other stakeholders about the special audit ("SingPost clarifies matters to public", BT, Jan 30).
The board has clearly made up its mind about having PricewaterhouseCoopers (PwC) undertake the special audit, despite the reservations expressed by different stakeholders. I am naturally disappointed. I would like to respond to some of the main points made by SingPost in defence of its choice of PwC as the special auditor.
No conflict between external audit and special audit
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Wall Street bulls say stock rally can resume even without rate cuts
Yen tumbles to 34-year low; US dollar gains after inflation data
Fed repricing gives rise to new equities playbook in Asia
Dasin Retail Trust’s creditor to repossess director’s properties over loan default
Is Jurong Island’s carbon test bed too small and conservative? A*Star institute head thinks not
Tech rally propels emerging stocks to best week since July