Repetitive criticism of YuuZoo is far from constructive

I REFER to the article by Mak Yuen Teen, associate professor of accounting at the NUS, "Are things improving at YuuZoo or is it more of the same with no real change?" (BT, Oct 6).

In the article, Prof Mak once again criticised YuuZoo Corp, the social commerce company listed on the main board of the Singapore Stock Exchange. This was the fourth article by him that BT has published in the last three months, all repeating the same criticism.

This time, Prof Mak took aim at YuuZoo's recent announcement about the appointment of two new independent directors, both of whom also joined YuuZoo's new audit and governance committee (AGC). The appointments were announced only three days before Prof Mak's latest article. Yet, Prof Mak has already, without giving the new board and AGC members time to even attend their first meeting, questioned whether the appointment would bring any change to corporate governance (CG) at YuuZoo. As proof of the change not bringing about any improvement, Prof Mak used the Q1 and Q2 announcements by YuuZoo. This was a strange choice as these announcements were made long before the new independent directors were appointed, which means that they had no involvement whatsoever. He further questioned "how adding more board members from Finland would improve the board's oversight role or the firm's overall corporate governance?"