At the recent CDL meeting, governance questions emerged once again, prompted by the ongoing family feud involving Singapore's second richest billionaire, Kwek Leng Beng. Investors expressed concerns about the implications of the disputes on the company's leadership and strategic direction.
This year's AGM was notably more peaceful compared to previous years, as shareholders awaited clearer insights into the strategic review initiated by the company. Sherman Kwek reassured investors that the review was 'timely' and necessary following last year's controversies, aiming to restore confidence and stability within the organization.