My post on LinkedIn can be seen here.

The Securities Investors Association (Singapore) -SIAS- launched the 2024 Corporate Governance Week this morning. Transport Minister, Second Minister for Finance, and Deputy Chairman of the Monetary Authority of Singapore, Mr Chee Hong Tat, graced the event as the Guest of Honour.

This year is the Silver Jubilee of SIAS. It was founded in 1999 under very trying circumstances when close to 172,000 Singapore investors were at risk of losing all their investment monies in the CLOB (Central Limit Order Book) market arising from regulatory actions by a foreign government. Fortunately, SIAS, under the leadership of Mr David Gerald, fought for the rights of the hapless investors. The saga was resolved when both the Singapore Stock Exchange and the KL Stock Exchange worked out an agreement to resolve the impasse.

SIAS has become an established institution for minority shareholders and investors. It speaks and acts without fear or favor when rogue management and avaricious controlling shareholders attempt to ride roughshod over the interests of minorities. SIAS has established a great tripartite relationship with the market regulators, the corporates, and investors. This tripartite relationship of trust and confidence has enabled SIAS to resolve many complex corporate issues in the Board room and not the courtroom – a unique hallmark of SIAS.

I am honored to have served under Mr. David Gerald’s leadership in SIAS for more than 14 years. He gave me a personal autographed book, BOARDROOM KNOCKOUT, a publication of real-life stories of the corporate failures and management fiascos that SIAS encountered in its 25 years of service to minority shareholders and the Singapore capital market.

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