Posts Tagged ‘independent directors’
Global Investments appoints Temasek unit as manager
November 26th, 2009 | 
Author: Instead they appointed Temasek unit ST Asset Management – a move backed by the independent directors – in a bid to revive the company’s flagging fortunes.
The move had been opposed by the previous manager, a unit of collapsed Australian investment bank Babcock & Brown, which fell victim to the financial crisis.
Babcock, the firm’s No. 1 shareholder with a 13.8 per cent stake, is in liquidat… more
Posted in Singapore Financial News | 
Tags: amp, asset, australian investment, Babcock, Bank, bid, Brown, cent, company, crisis, financial crisis, firm, flagging fortunes, independent directors, Investment, investment bank, liquidat, management, manager, move, shareholder, st asset management, stake, Temasek, Unit, victim | 
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Dispute at Global Investments
THE independent directors of a Singapore-listed investment fund – Global Investments – are embroiled in a dispute with the company’s biggest shareholder over the appointment of a fund manager to run its business.
Its previous fund manager fell victim to the global financial crisis last year. Global Investments announced last month that it wanted to hand over the job to ST Asset Management – a fund… more
Posted in Singapore Financial News |
Tags: appointment, asset, business, company, crisis, dispute, Fund, Global, global financial crisis, global investments, independent directors, Investment, investment fund, investments, job, management, manager, month, shareholder, Singapore, Singapore-listed, st asset management, victim, year |
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SGX’s move good but tweaks needed
INDUSTRY players have given a guarded thumbs-up to new measures proposed by the Singapore Exchange (SGX) to beef up standards of corporate governance for listed companies.
But they also warn that fine-tuning would be needed to ensure listing costs do not become onerous.
SGX chief executive Hsieh Fu Hua announced on Saturday that chief financial officers (CFOs) and independent directors should be a… more
Posted in Singapore Financial News |
Tags: CFOs, chief executive, corporate governance, exchange, executive, fine-tuning, governance, Hsieh Fu, Hua, independent directors, industry, listed companies, listing, measures, Saturday, SGX, Singapore, singapore exchange |
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SGX lines up plans to tighten governance
Chief financial officers (CFOs) and independent directors may have to be appointed at least six months prior to the submission of documents for a company’s listing on the stock exchange.
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Posted in Singapore Financial News |
Tags: Arial, arial helvetica, background color, CFOs, chief, company, exchange, headline, Helvetica, independent directors, listing, margin, padding, quote, sans serif font, six months, stock, stock exchange, submission, Verdana |
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