Will Sheng Siong get a free pass for breach of listing rules?
Sheng Siong’s non-compliance with Singapore Stock Exchange’s listing rules, which require a majority of Independent and Non-Executive Directors on the board, has raised questions on regulatory oversight.
Sheng Siong maintains its current board composition is adequate given its size. Pat Low asks if Singapore is to accept “ownself check ownself” in the corporate world, emulating what the Singapore Government does.