MAS review group or not, boards and directors need to be more dynamic
Even as directors manage business risks and are careful not to fall foul of the rules and regulations, getting the right balance with the creation of shareholder value is important
THE latest earnings season that ended on Wednesday (Aug 14) which covered the first half of 2024 was largely uneventful. Perhaps the biggest surprise during this period had less to do with the results and more to do with the announcement that DBS Group’s CEO, Piyush Gupta, would be retiring and that Tan Su Shan, the bank’s group head of institutional banking, would be his successor.
There was also an unexpected major meltdown of the markets on Aug 5 after dismal employment data from the US, which the markets decided to read as a sign that the world’s largest economy was faltering.
For investors of Singapore-listed stocks, the Straits Times Index’s gains from July and August have largely been erased, with the result that investors are only slightly better off than at the start of the year.
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