CDL: Financial performance goes beyond Return on Equity

I REFER to the "Mark To Market" commentary published in The Business Times on Oct 26.

Your writer has taken the occasion of a resignation of a director who had expressed differences of opinion in business direction to weigh in on the relative financial performance of City Developments Limited (CDL).

From the onset, CDL has cherished active contributions from a diversified board with eminent directors. Their different viewpoints and spirit of transparency have made the company stronger.