Simon Stewart Davidson resigned as FSL Trust Management's independent director

He was unhappy over the procedure and process of the appointment of the new CFO.

Mr. Davidson, 55, expressed his unhappiness in an email to board members on September 28, 2016 but had not indicated at that time that he wished to resign as director.

He had five concerns expressed in said email. That while the CFO seemed competent, he was not the person to lead refinancing. That the CEO was not sufficiently consulted. That he was not present at the board meeting on September 22, 2016 as he was traveling. That the candidate was a friend of the remuneration consultant. And that the appointment was not urgent. 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!