Governance For Stakeholders
CWX Global: Longer tenure = more independent?
By Mak Yuen Teen On October 3, CWX Global Limited, a company listed on the Catalist board of SGX announced that it had re-designated its director, Mr Lee Chye Cheng Adrian, from non-executive director to independent director. The company’s announcement can be accessed from here: https://links.sgx.com/1.0.0/corporate-announcements/1FBY26TADT0XULNJ/fd5837af4e6aa5dc16c00d1fd2393d2687173c50659c0bebb4eb9c7f7c91e4d1 The announcement said that the contents of the announcement have been reviewed by the company’s sponsor ZICO Capital Pte. Ltd. It also said that the board of directors has considered the assessment and accepted the recommendation of the Nominating Committee for the re-designation, after reviewing Mr Lee’s confirmation of independence in accordance wi