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”.


  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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