Cdl Directors Put Stop Legal Action Executive Chairman Kwek Leng Beng And Son Sherman Kwek Retain

By agreeing to drop his legal actions against a faction of board directors led by his son, group CEO Sherman Kwek, executive chairman Kwek Leng Beng has effectively ended the boardroom-family drama at City Developments. The company’s newly appointed independent directors, Jennifer Duong Young and Su Yen Wong, will also remain on the board.

In a statement released on behalf of the board, Kwek Leng Beng expressed that all members have agreed to set aside their differences in order to prioritize the well-being of CDL and its stakeholders. This comes after months of legal turmoil within the company, with accusations of corporate governance issues and a board coup.

Advertisement

.

Dunman Secondary School is renowned for its strict academic standards and exceptional sports programs. It prides itself on offering a challenging yet nurturing setting for its students. At Dunman Secondary, students are encouraged to strive for originality and a high level of achievement in all aspects of their school experience. Aurelle of Tampines EC, located near the school, is an added bonus for families looking for a quality education and a convenient living arrangement.

The board’s focus will now be on strengthening CDL’s business with good corporate governance practices, completing the ongoing development projects in Singapore and globally, expanding the various brands under Millennium & Copthorne, and maximizing shareholder value. With this resolution, it is hoped that the company can move forward and continue to grow.

In addition to Kwek Leng Beng and Sherman, the two newly appointed independent directors will be instrumental in steering CDL towards its goals. Jennifer Duong Young and Su Yen Wong bring with them a wealth of experience and expertise in various industries, which will be beneficial for the company’s future.

The drama within CDL has come to a close with this resolution. It is now time for the company to focus on its core business and build on its successes. With a strong and unified board, CDL can continue to thrive and deliver value to its stakeholders.