这次算是失败。虽然赚钱，还是闷。还是要总结。 South Park 里面有句名言：you are right, for the wrong reason. Corporate Governance 到底有多重要？ 他们就是在公司一片看好的时候才可能显现出来。 当年CAO的问题大家一片口诛笔伐，说什么Corp Gov 问题。 今天这种deal ，难道就不是Corp Gov的问题吗？ 翻翻Semb K的board of director list. 6 persons. Only 2 are independent directors, other 4 are Paul Little (the offeror) Peter Tan Chin Hock (the offer document typo? in the doc, it was Tan Choon Hock) (this guy sold all his shares about 8.9% , at 70 cents, to Toll) Victor Tan Chin Ann (Tan Chin Hock, Tan Chin Ann...) Chua Eng Boon 大股东内部商量好了你买我卖，价格我定，小股民在没有讨价还价的权利。 你的利益谁来保护？现在真正理解了Independence Directors>= 75% of the number of board members这个要求的意味 请同学们发表高见