Member of Parliament Tin Pei Ling has defended taking a new job at Grab. Corporate governance expert Mak Yuen Teen weighs in on the online frenzy and the actual and perceived conflicts.
As a company listed in the United States, Grab Holdings is required to have afor its directors, senior officers and employees, which must be made publicly available.
However, a code of conduct is mainly aimed at protecting a company’s interests. The concern here is not the company’s interest but the public interest., would employ an MP, who is considered a politically exposed person. Perhaps Grab’s head of ethics and compliance and general counsel deemed this a non-issue because she is not a board director or senior officer and her appointment is Singapore-based.
It is unclear whether declarations must be made before accepting a job or appointment but regardless, it would be difficult to ensure compliance with the letter and spirit of the rules purely through self-declarations. Again, much would depend on the individual doing the right thing.
Restrict involvement in the matter, which may include not receiving information on the matter, not participating in discussions, and not being involved in making the decision Even if Ms Tin’s role is not Singapore-based and does not involve interactions with the government bodies and officials here, perceptions of conflicts will likely remain because Grab is ubiquitous in Singapore and facing potentially increasingAlso, how would Ms Tin address perceptions that information she receives as an MP may be used to benefit Grab, even if unconsciously?
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