Shareholders should stay on their toes
Corporate veteran JY Pillay says investors should not hesitate to take firms to task to achieve better corporate governance.
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RETIREMENT might typically be a time to kick back and relax but corporate veteran JY Pillay has kept on his feet - quite literally. The 81-year-old founding chairman of Singapore Airlines does his work standing up in his office at the National University of Singapore where he is an adjunct professor at the Lee Kuan Yew School of Public Policy.
He is also still a keen champion of good corporate governance in Singapore, where he says there is still some work to be done. Issues that have yet to be fully resolved, for instance, include fee disclosure and independence of directors.
"There are certain elements of the Corporate Governance Code that keep popping up such as disclosure of remuneration of directors and of senior executives on a named basis," he says in an interview at his office.
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