Power tussle at CDL sparks concerns over governance and share price volatility

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Power tussle at CDL sparks concerns over governance and share price volatility - Channel News Asia

Quick Summary:

All eyes are now on whether governance lapses have occurred at the property giant and how swiftly and transparently the company can resolve its internal discord, experts said.

The elder Kwek's statement noting that CDL is open to appointing a “professional CEO” suggests the company may seek leadership beyond family control to reassure stakeholders, Prof Loh added.

The senior Kwek also indicated that despite objections to appointing two additional directors, a board meeting was convened on Feb 7 where no vote was taken and a written resolution approving the appointments was passed.