After a heavy week in the news (see previous blogs on this here
must have been looking forward to a new Monday morning. Unfortunately, when you are in the news on a CSR issue, many others seem to follow. The story in the headlines this morning
is a governance issue with the disclosure that DBS Group Holdings independent director Christopher Cheng Wai Chee is a director of 152 companies. The article states that many of the companies are shell companies (i.e., not active rather; not the petroleum company), but nevertheless the number of active companies makes it difficult to see how this is physically possible. Stories about the number of director posts that an individual holds is making it into the news on an increasing basis, along with the remuneration for such positions. Expect more.