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Non-executive directors ought to exercise discretion

It is incumbent on the NED to carefully review the specific role that he/she has agreed to undertake with respect to business decision-making.

If an NED accepts the appointment on the understanding that he/she is not expected to partake in business decision-making but is merely a nominee director, the NED should promptly disclose his/her nominee status as mandated by the new section 386AL.

THE long-running battle between Sakae Sushi and its former director Andy Ong has ended with a final judgment that there was "systemic abuse" by Mr Ong to misappropriate funds.

Any systemic abuse requires accomplices. The Sakae case is illuminating not only for how it uncovered Mr Ong's...

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