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Keith Tay brings forward exit from SingPost board

Special audit report fingers him for disclosure lapses, but deems lapses not deliberate

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Published Tue, May 3, 2016 · 09:50 PM
    Key findings

    Singapore

    SINGAPORE Post (SingPost) director Keith Tay has resigned as lead independent director and will leave the board earlier than previously announced - after a corporate governance special audit report out on Tuesday pointed the finger at him for disclosure lapses, but found his failures were not deliberate.

    At the same time, sources have told The Business Times that Singtel chairman Simon Israel's name has come up as a potential candidate for the SingPost chairmanship. The position has yet to be filled ever since outgoing chairman Lim Ho Kee said last month he would step down on May 10.

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