Dr Lee Boon Yang and Keppel Corp – The Curious Intertwining of Singapore’s Business and Politics
Posted by: inspir3d in Finance & Investments, tags: Corporate Governance, Keppel CorpRear Admiral (NS) Lui Tuck Yew was the Minister of State for Education until March 2009, when he was promoted to Acting Minister for Information, Communications and the Arts with effect from 1st April 2009. With his promotion, he displaced the incumbent Dr Lee Boon Yang, who now found himself without a job.
Only 25 days after RAdm Lui’s promotion, Dr Lee Boon Yang was the newly appointed non-executive Chairman of Keppel Corp, Singapore’s largest industrial conglomerate. It was an event of little fanfare, and by the lack of any noise made by Keppel shareholders, you would have thought that everybody is happy about the change in leadership at the helm of Keppel’s board of directors.
However, a careful examination of Dr Lee Boon Yang’s CV, and the demands of the role of Chairman of the Board of an industrial conglomerate like Keppel – leaves the interested observer rather puzzled.

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