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SingPost parries governance concerns raised

SIAS chief tells of anonymous letter and two phone calls querying timing of 'significant impairments' on an investment and impartiality of independent directors

Anita Gabriel

Published Mon, Mar 13, 2017 · 09:50 PM

Singapore

SINGAPORE Post may have dusted off the severe governance fallout of 2016, but its reconstructed board appears to still be facing concerns from certain quarters.

Securities Investors Association of Singapore (SIAS) president David Gerald said he received an anonymous letter last week from a "concerned market observer", and two phone calls from unnamed individuals claiming to be shareholders, in relation to the appointments of two independent directors (IDs) last October.

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