SingPost sackings: 'Unprecedented' for a Singapore firm to fire 3 top executives, shows severity of issue, say experts

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SingPost sackings: 'Unprecedented' for a Singapore firm to fire 3 top executives, shows severity of issue, say experts - Channel News Asia

Quick Summary:

Replacing the three executives would be challenging for SingPost given the nature of their roles and the postal industry, corporate governance experts say.

"The critical issue is (the organisation’s) … nature where service culture, trust in delivery is fundamental to the business," Prof Loh added.

CitadelCorp principal consultant Victor Lai said it was "very rare that three senior executives are terminated from their roles concurrently" in Singapore’s corporate governance environment.