These Asian Billionaires Don’t Have Any Women on Their Boards

By Bruce Einhorn Diversity lags in China, Korea, Japan — especially in tech Men often choose ‘their best friends, not the best people’ Even by Asia’s low standards when it comes to having women on corporate boards, the progress of the region’s billionaires is lagging: Most of the richest men in China, Japan and South Korea run […]

Sorry is not a bad word

Malaysian companies need to appreciate the art of the apology By Errol Oh ARE apologies taboo in corporate Malaysia? Or are CEOs and boards incapable of publicly owning up to mistakes or failure to do their jobs well? It’s fair to say that sorry seems to be the hardest word for the men and women […]

Gaming the system

CREATIVE circumvention has now become easier than ever, despite both rules and codes that have been updated to reflect the latest developments in good corporate practices. The Malaysian Code of Corporate Governance was updated in April 2017 while the Companies Act 2016 came into force on Jan 1, 2017 as regulators attempt to upgrade existing […]

The name-and-shame game

Will singling out listed companies with all-male boards start a trend? IF A company isn’t bothered about its reputation, it’s safe to assume that the company isn’t meant to be around for long. Most businesses care about what others think of them. That’s because they deal all the time with customers, lenders, suppliers, employees, investors, […]

Director’s Conflict of Interests

by Premkumar Ramanathan Fiduciary obligation of directors is always to act in the best interest of the company that they serve. It is no doubt that directors should act in good faith by putting the interests of the company that they serve ahead of their own; exercise their business judgement rule and observe the duty of […]

Can Auditors Withdraw Their Audit Opinions?  

The Star reported about auditors of a public listed company in Malaysia declaring that audit opinion on the financial statement of that company is no longer reliable. As far as I could recall, this is the second time in Malaysia where auditors publicly declared that reliance should not be given to their auditors reports as […]

3 ways to help your board get wiser about sustainability

As climate risks loom larger in the corporate world — threatening the long-term viability of certain supply chains and product lines, not to mention reputation — how can corporate boards of directors gauge and respond to them more thoughtfully and effectively? It’s an increasingly relevant question, especially now that it’s annual meeting season, the time […]