The former top executives of SingPost were found to have been negligent in the handling of international investigations over a whistle-blower’s report.
All three executives have said that they will contest the sacking, while the Securities Investors Association Singapore (SIAS) also called for an independent professional inquiry into the sackings.
SIAS previously asked SingPost if they would publish the key findings of the internal investigation report, in which SingPost said that internal investigations will not be published.
In its reply to the retail investor watchdog, SingPost pointed to previous announcements and said the internal investigations will not be published.
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On Jan 2, SingPost appointed Neo Su Yin as its group chief operating officer (COO).
Phang still holds directorships at five organisations. His roles are at The Logistics Institute – Asia Pacific Advisory Board (Director); Workplace Safety and Health (WSH) Council (Deputy Chairman); Advisory Panel of the Chartered Institute of Logistics and Transport Singapore (Member); Multi-Agency Workplace Safety and Health Taskforce (Member); and The Pyramid Management Committee (Associate Member).
Shares in SingPost closed 1 cent down or 1.852% lower at 53 cents on Jan 13.
