FINS3626 Lecture Notes - Lecture 2: Corporate Finance, Heidrick & Struggles, External Auditor
Document Summary
Corporate governance saga in singapore post ltd in may 2016. One of the directors were associated with the company singpost was purchasing (acquiring??) Acquisition of an equity stake in three different companies. Sccl was the financial adviser to all three companies. The lead independent director of singpost: the chairperson and 34. 5% shareholder of sccl. Singpost did not mention the above fact due to administrative oversight". Singpost"s internal special audit report was not very critical. Regulators, however, were not satisfied and neither were the public (shareholders) Refer to recommendations of independence of the board. 2. 2 why ceo shouldn"t also be the board chair. The role of independent directors is to ensure good corporate governance by monitoring the management of a company. They are seen to be more reliable to shareholders than non- independent directors because they are not involved in the running of the company.
