When four may not be enough

IF a large board is frowned upon as it can be unwieldy, then a small one ought to raise questions on its effectiveness to raise shareholder value.

Pick the number four; then make that two independent directors and two non-independent non-executive directors including a chairman who is majority owner of the firm.

What do we get? S i2i Ltd - a mainboard-listed firm formerly known as Media Ring, whose flagging business of distributing telecom and IT-related products and services pushed it to the corporate sidewalks of the Singapore Exchange's (SGX) dreaded watch list in March last year.