Business Times ran a story of the poor corporate governance culture in Singapore with thoughts if it could be improved. One company was mentioned and it was none other than Best World International (which can be inferred). Truth be told, Best World has one of the worst corporate governance and is the best example for our school business univeristies to use as a case study module.
If you wish to read it, the link can be found here (except there is a need to be a paying member) so let me show where Best World was mentioned
Close to Negligence of Best World Independent Directors
It is likely the 3 Best World Independent Directors have not been active enough to help minority shareholders given how the discrepancy in pay received by the executives (which has to run through the approval of the 3 Indepedent Directors) while dividends are not given (ironically its the 3 independent directors who have a vote in this....