The Business Times
SUBSCRIBERS

Independent directors: Under pressure to protect minorities

Uma Devi
Published Fri, Sep 9, 2022 · 02:00 PM

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.

“As an experienced corporate lawyer, some things just didn’t…

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

VIEW ALL
READ MORE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Features

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here