Will the be Securities Commission act on this instead of :
Watching the ships roll in
Then I watch them roll away again, yeah
I'm sittin' on the dock of the bay
Watchin' the tide roll away, ooh
I'm just sittin' on the dock of the bay
READ : Survey Reveals That CHANGES MUST be made to ensure Board independence
Actually common sence will tell you that even without this input, the SC should have done something about this a long time ago.
One thing I believe the survey missed out was on the age of the non executive independent directors. The more established the firm, the older the directors are.
Check of out YTL Corp Bhd non executive and independent directors READ : All of YTL's non executive independent directors are ABOVE 60
while at Genting Bhd VIEW ; It's chairman and non executive director has been on the Genting Board for THREE DECADES!!!