Does Corporate Governance Exist in Singapore?

[opmi]

Most minority shareholders also blur blur one. Dont know which is which.
That's why someone must take lead and the press must pick it up for mass dissemination.

SIAS is the natural choice, but been passive. I feel that SIAS has lost its way. SIAS is doing all kind of things - research, investor education, investor relations etc. They have forgotten their roots of standing for minorities in CLOB saga.

For the Jaya disposal EGM, the proceeds still goes back to the company. In an takeover/privatization, the potential upside is taken away from minorities to the majority shareholders with insider operational info. Not the same scenario.

There are various cases whereby one can vote against unfair offers. For example, NeraTel uses Scheme of Arranagement and was voted out in the scheme meeting by majority number of shareholders present and voting. Shareholders need to know the differences between various types of M&A actions, for example, Scheme of Arrangements, Voluntary general offers, Involuntary general offers, Voluntary delisting offers, Involuntary delisting offers, disposal of all the assets in the company etc.

Some instances of privatization deals you can win, some you cannot. Some you can block, some cannot.

The Jaya case is a classic example whereby there is no chance that minorities can stop the disposal of assets. I mean it is just an ordinary resolution at an EGM which requires a simple 50%+1 share majority to pass. And since it is not an IPT, majority shareholders can vote on the resolution and accordingly given their undertaking to vote for it. What chance does minorities has in this case?