atans1

How can independent director of troubled S-Chip resign?

In China, Corporate governance on 28/03/2011 at 1:35 pm

Hongwei’s independent director Ji Yicheng has resigned saying,”personal reasons, heavy workload”.  If the director of a troubled listco can quit when the listco gets into trouble,  then what is corporate governance all abt? Such an action is making a mockery of the responsibilities of being an independent director

The SGX must do something to prevent an independent director of a troubled S-Chip, indeed any troubled listco, from resigning. Such a resignation must have the approval of SGX.

The directores at the time the company got into into trouble must sort out the mess.  They cannot be allowed to “move on”.

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  1. Complete joke of our system.

    But I believe that even after they resign, they can still be sued.

  2. [...] Daily Discourse – Chemical Generation Singapore: Singaporeans Believing Anything (we want to believe in only) – Singapore Social and Political Thoughts: Distraction from Chan Shun Sing to New Army Chief – Insane Polygons: The Modern NS Experience. – Mr Wang Says So: What is The Value of Paper Qualifications? – The Temasek Review: Singapore’s prominence as money laundering hub grows – TOC: Women’s Charter: 50 years on. – Thoughts of a Cynical Investor: How can independent director of troubled S-Chip resign? [...]

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