How far do a CEO's powers reach?
Tussle between CEO and board of ecoWise Holdings put focus on various parties' rights and responsibilities
Add BT as a preferred source
Singapore
THE recent kerfuffle involving the leadership at Catalist company ecoWise Holdings has not been lacking in high drama.
In the past few weeks, founder, executive chairman and CEO Lee Thiam Seng has changed the locks to its offices, hired an IT firm without the board or sponsor's approval to help him change the passwords on the company's servers, and suspended certain members of senior management - all in a bid to safeguard the company's assets.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Manulife pulls loan product for rich Hong Kong clients after scrutiny
