An interesting interview of a retired ID by Prof Mak - probably helping to confirm suspicion from OPMIs' observations over the years.
Have included a link to Mr Tan Lye Huat's bio and that should help VBs to connect the dots easily.
REFLECTIONS OF AN INDEPENDENT DIRECTOR Interview of Tan Lye Huat by Mak Yuen Teen
MYT: Did you encounter situations where busy IDs resigned when the company needed more of their time, citing personal interest, other commitments or health reasons?
TLH: No, but they would rather “free ride” on others, relying on them to provide views and which they would then belatedly agree with. They might later find an excuse or ask to leave and then cite the erroneous reason.
MYT: That’s interesting. Can you share an example of a situation where a director was classified as independent but you did not consider him to be so?
TLH: One sat on the board of a listed parent and a listed subsidiary but was considered independent on both. He would say he was not a nominee on the parent board but in my view, he was appointed because he was well-liked by the family. Although technically he could be considered independent on both boards under the Code, I did not consider him to be so.
https://governanceforstakeholders.com/wp...ersion.pdf
Mr Tan Lye Huat's list of positions:
https://www.marketscreener.com/insider/L...AN-A0Q25I/