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No Signboard: A billion reasons for board directors to shape up or ship out

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Uma Devi

Uma Devi

Published Wed, Aug 30, 2023 · 05:00 AM
    • If No Signboard was trying to soothe rattled investors with its latest announcement, it failed to do a good job.
    • If No Signboard was trying to soothe rattled investors with its latest announcement, it failed to do a good job. PHOTO: NO SIGNBOARD

    THE connection of a former director of Catalist-listed No Signboard Holdings with a billion-dollar money laundering bust is the latest warning that companies should exercise greater care in their selection of directors.

    To be clear, investigations are still ongoing and the former director has not been found guilty of any offences. Nonetheless, his role at No Signboard should raise some eyebrows. What good is a director who appears to do nothing on a board?

    No Signboard on Aug 22 issued an announcement clarifying that Su Haijin was not involved in the day-to-day operations of the company.

    Hock Lock SiewNo SignboardMoney launderingCorporate governanceSpotlight

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