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Independent or irrelevant directors?

Independence of these three Swiber directors is debatable.

The events of the past week have shown Swiber (above) up as another company with highly questionable corporate governance practices and disclosures that investors, creditors and other stakeholders appear to have overlooked.

SWIBER'S tardy disclosures, sudden announcement of a winding-up application, mass resignations of executive directors, reversal of its winding-up application and retraction of a resignation announcement have befuddled and angered investors. Singapore Exchange's chief regulatory officer has -...

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