Written by
Terence Wong, CFA
CEO and Executive Director
Azure Capital
Boardroom Knockout Punches Above its Weight
Oct 16, 2024
Spoiler Alert: I make a few appearances in Singapore’s latest bestseller, Boardroom Knockout, edited by Aaron Low.
The book chronicles the story of the Securities Investors Association (Singapore) and its founder, David Gerald. Founded in 1998 in response to the CLOB saga – which left 172,000 Singaporean investors with billions in frozen investments – SIAS has since played a pivotal role in resolving several high-profile corporate scandals, including China Aviation Oil (CAO), NatSteel, Hyflux, and Lehman Brothers.
David Gerald’s distinctive approach to shareholder activism took these battles into the boardroom rather than the courtroom, securing meaningful victories for small investors.