Yahoo! Modern Day Tale of Alibaba

Corporate

Governance

Case Studies

Volume two

Edited by Mak Yuen Teen

Corporate Governance

Case Studies

Volume two

Mak Yuen Teen

Editor

First published May 2013

Copyright ©2013 CPA Australia

All rights reserved. No part of this publication may be reproduced, stored in

a retrieval system, or transmitted, in any form or by any means, electronic,

mechanical, photocopying, recording or otherwise, without the prior permission

of the publisher, except for inclusion of brief quotations in a review.

The views expressed in this publication are those of the authors and do not

necessarily represent the views of, and should not be attributed to, CPA

Australia Ltd.

Corporate Governance Case Studies Volume 2

Editor

: Mak Yuen Teen

Published by

: CPA Australia Ltd

1 Raffles Place

#31-01 One Raffles Place

Singapore 048616

Website

: www.cpaaustralia.com.au

Email

: sg@cpaaustralia.com.au

ISBN

: 978-981-07-5853-0

II

Contents

Contents III

Foreword V

Preface VII

Singapore Cases

Sky’s the Limit: The China Sky Saga....................................................... 1

China Hongxing: Where is the Cash?.................................................... 14

Daka Designs Limited – Designers of a Fraud....................................... 26

OCBC: A Model for Family Companies

and Good Bank Governance?.............................................................. 35

UOB: Should Wee Hold on Forever?..................................................... 44

Slow Train Coming: Train Disruptions at SMRT...................................... 55

Asia Pacific Cases

Yahoo! A Modern Day Tale of Alibaba................................................... 67

Another Day, Another Trading Scandal:

The Case of National Australia Bank..................................................... 79

Call 0 for One.Tel.................................................................................. 90

Olympus:...