Brexit may be the panacea to Kwek's M&C headache

THE abrupt departure in September of Millennium & Copthorne Hotels' (M&C) group chief executive Jennifer Fox, just slightly over three months after her appointment, has once again put the spotlight on M&C chairman Kwek Leng Beng's problem with retaining CEOs at the group.

Since the group was floated on the London Stock Exchange (LSE) about 22 years ago, there have been about 10 changes in full-time and interim CEOs.

Ms Fox's departure has been attributed, among other things in the British media, to a "personality clash" and "power struggle" with Mr Kwek. Following her exit, a couple of independent, non-executive directors at M&C have also left.

This episode has been seen in London as once again highlighting corporate governance iss…