Goh Jin Hian

Goh Jin Hian judgment clarifies scope of directors’ duties, notes observers as ruling says directors should be a ‘sentinel’, not a ‘sleuth’

Observers say judgment offers practical guidance by narrowing the scope of when a director should be held liable for inaction

The liquidators of IPP had sued Dr Goh Jin Hian (above), the son of former prime minister Goh Chok Tong, to recover US$156 million in losses, accusing him of “sleepwalking through his time as a director" of the company.

Court partially allows Goh Jin Hian’s appeal, finds he did not breach duty by not probing IPP’s red flags

Dr Goh no longer has to pay damages to the insolvent marine-fuel supplier; he was previously liable for US$146 million plus interest

According to sentencing documents, William Teo Thiam Chuan (left) played a “critical” role in the market-rigging scheme, which the prosecution alleged was masterminded by Goh Jin Hian.

New Silkroutes ex-director jailed over market-rigging scheme allegedly masterminded by Goh Jin Hian

A former finance director of Singapore-listed New Silkroutes Group was sentenced to 12 weeks in prison on Monday (Sept 16) after pleading guilty to manipulating its share prices to allow its shares to...

Goh in February was found liable for breach of director’s duties, statutory duties and losses suffered by the firm amounting to US$146 million plus interest.

Judge says ex-director Goh Jin Hian did not take reasonable steps to probe red flags raised in IPP

He is appealing the decision by the High Court that found him liable for US$146 million in losses suffered by the insolvent marine fuel supplier

Mandatory training hours, performance appraisals and a cap on the number of directorships that individuals can hold are among some suggestions given by industry observers to nudge board directors to do their due diligence on companies.

More training, tighter regulations needed as board directors face ‘increasingly demanding’ role

BOARD directors are facing increasing demands from regulators and the market, and need self-discipline to keep up to date on the affairs of their companies, say industry observers.

Goh Jin Hian outside the State Courts on Sep 20, 2023. Goh was on Jan 24 found liable for breach of director’s duties, statutory duties and losses suffered by IPP.

Former IPP director Goh Jin Hian liable for US$146 million losses suffered by company: High Court

Company had almost US$1 billion in receivables in 2019, including sham transactions

The police say the four individuals had allegedly placed orders and executed trades in NSG securities for the purpose of pushing up their price on 31 trading days between Feb 26, 2018 and Aug 27, 2018.

Former New Silkroutes CEO Goh Jin Hian among four charged with false trading

Three former management executives of mainboard-listed New Silkroutes Group (NSG), as well as a commercial market maker engaged by NSG, were charged in court on Wednesday (Sep 20) with false trading.

Dr Goh Jin Hian said the suit is a “blatant attempt to scapegoat him”, as he was “not involved in any sham transactions”.

Trial starts in breach of director’s duties suit against Goh Jin Hian over US$156m in losses

A HIGH Court trial began on Monday (Apr 3) between the liquidators of insolvent marine fuel supplier Inter-Pacific Petroleum (IPP) and its former director, Dr Goh Jin Hian, over US$156 million (S$207 ...

New Silkroutes appoints CEO as executive director, new finance director

New Silkroutes appoints CEO as executive director, new finance director

HEALTHCARE and energy firm New Silkroutes Group has appointed chief executive officer (CEO) VicPearly Wong as its executive director, and Lincoln Kwok as its finance director.

Cordlife's nine-month net profit rises 39.6% to S$5m

Cordlife's nine-month net profit rises 39.6% to S$5m

CORDLIFE Group's net profit for the nine months ended Sept 30 rose 39.6 per cent year on year, despite a fall in revenue, it said in an exchange filing on Thursday evening.