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Internal Audit

Independent directors to face 9-year limit – SGX

By |2018-08-30T10:24:50+08:00August 30th, 2018|Internal Audit, News|

SINGAPORE-LISTED companies will have to justify the independence of long-serving independent directors - if suggested rule changes put forth by the Corporate Governance Council on Tuesday go into force within the second half of this year. To encourage firms to refresh and introduce more diversity into their boardrooms, the Council [...]

Foreland Fabrictech Holdings warns of loss of control

By |2018-07-24T23:43:29+08:00July 24th, 2018|Internal Audit, News|

In the latest example of corporate mismanagement and corporate governance, FORELAND Fabrictech Holdings may have lost control over its wholly owned subsidiary, Fulian Knitting Co, in China, it warned on Wednesday (Originally Reported May 9 2018). The saga originally began with a customer claim that was originally filed in 2013 [...]