Chance for SingPost board to further cement confidence

NOW that Singapore Post shares have recovered from their sell-down in January, what the group does next with its special audit findings could be a good opportunity to further restore confidence and cement its relationship with investors.

And for good measure, it might be worth it for the board directors to consider sharing the burden of the joint special auditors' fees with shareholders as well.

SingPost's corporate governance investigation, probably in progress right now, involves two sets of investigators doing what essentially sounds like duplicate work, going by its February announcement that it was bringing in law firm Drew & Napier (D&N) as joint special auditor together with PricewaterhouseCoopers (PwC).