WongP's Simon Tay quits Hyflux board as independent director
Singapore
HYFLUX on Friday night announced that non-executive independent director Simon Tay has resigned voluntarily due to his "inability to fulfil his duties as an independent director".
Mr Tay, 59, is also a senior consultant at law firm WongPartnership (WongP). His resignation, effective last Friday, came after "unresolved differences in opinion" regarding WongP's decision to discharge itself from representing the water treatment firm, Hyflux said in a regulatory filing on Friday.
Both Hyflux and WongP had separately cited a "loss of confidence" and trust in each other last month. Hyflux then went on to appoint Clifford Chance and Cavenagh Law as its legal advisers in WongP's place.
Before he resigned as a director of the water treatment firm, Mr Tay had in a Feb 2 Facebook post commented on WongP's decision to discharge itself. He also said in the post that he would be recusing himself at Hyflux and not take part in any discussion or decision relating to WongP. Mr Tay noted that as a senior consultant at WongP, he does not manage the law firm and leaves to his partners any matters relating to …
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