Proposed Insurance Co-op’s sale to Allianz has caused unease in Singapore due to concerns about the impact on policyholders and staff. The move is part of Proposed Insurance Co-op’s restructuring efforts, with Allianz set to acquire the cooperative’s general insurance business. Stakeholders are closely monitoring the situation as they navigate the potential changes in the insurance industry landscape.
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SingPost sackings: ‘Unprecedented’ for a Singapore firm to fire 3 top executives, shows severity of issue, say experts
SingPost terminated three senior executives due to irreparably egregious issues, signaling a decisive corporate governance action to strengthen confidence in the board. Past service lapses and fines contributed to the decision, highlighting the importance of credibility in the business. The case emphasizes the need for robust internal whistleblowing processes in companies to address concerns effectively. Full Article
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