07 Jun '11, 11pm

Are fewer MPs holding company directorships now?

Are fewer MPs holding company directorships now?

SINGAPORE: It appears that fewer Members of Parliament are holding company directorships now compared to in the past. Email queries to 52 backbenchers, including the six elected Opposition MPs, found that 16 hold such positions. In 2005, 26 were directors in public listed companies alone, a survey by The Business Times had found. Latest records on the Singapore Exchange's web portal and the Bloomberg's database show that only five elected MPs now are directors in listed companies. MediaCorp's survey comes after Prime Minister Lee Hsien Loong issued his rules of prudence letter two weeks ago to new and existing People's Action Party MPs. In it, he had advised them to conduct such business activities creditably. And while 19 MPs did not reply or declined comment for this story, those who did shared the kind of consideration that has gone into their decisions on directorships...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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