The Business Times
business-time-50

Independent directors: Under pressure to protect minorities

google-preferred-sourceAdd BT as a preferred source
Uma Devi

Uma Devi

Published Fri, Sep 9, 2022 · 02:00 PM
    • While institutional shareholders with large stakes and major shareholders in management or board roles can make their case, minority investors rely on independent directors to champion their interests.
    • While institutional shareholders with large stakes and major shareholders in management or board roles can make their case, minority investors rely on independent directors to champion their interests. ILLUSTRATION: SIMON ANG, BT

    WHEN company management brings a deal to their board, they sometimes expect the deal to be waved through by directors. Asking questions about it can be controversial, much less putting a stop to it.

    Robson Lee, a senior corporate lawyer who has served as an independent director on several boards, can recall more than 1 such incident.

    One Singapore-listed company had wanted to undertake a transaction that would eventually result in a reverse takeover (RTO) by a company listed in another jurisdiction.

    BrunchBoard of DirectorsSingapore StocksStraits Times Index

    TRENDING NOW

    In 2027, the combined maximum incentives for EV cars will be lowered to S$20,000 from S$30,000 currently.

    Changes to EV incentives, uncertainty over COE framework drive Category A premium to a new high in ‘re-run of 2025 mania’

    In hiring for AI-fluent users, companies will do well to better define and test applicants on their capacity for human oversight.

    Employers want AI-fluent employees. Hiring them is the challenge

    Employees may grumble about long hours, difficult clients or demanding deadlines, but often the biggest push factor is how they are treated.

    What makes a good job? Feeling that you matter

    The eligible projects include Sun Group’s developments linked to the Asia-Pacific Economic Cooperation summit in Phu Quoc in 2027.

    Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More