Deciphering SingPost's governance review report

THE long-awaited report on the corporate governance review of Singapore Post (SingPost) by the consulting firm Heidrick & Struggles was finally published on July 4.

A recent Straits Times report (July 5) quoted me as saying that "I think that implementing the recommendations . . . should go a long way towards addressing not only the disclosure lapses but also some other issues I had raised, such as the size, independence and competencies of the board". The report did not mention what I thought about the SingPost report and my reservations about some of the findings and recommendations.

When I read the executive summary of the special audit report released in May, I wished that I was able to read the full report. When I read the executive summary…