Why is SIAS answering questions for listed companies?

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An honorable member of the Coffee Shop Has Just Posted the Following:

Mr Sabnani said Mr Seah's position was a non-executive one; he only gives guidance to the group but it is the management team led by Mr Gupta which does the work.

He added that the local banks also get guidance from the Monetary Authority of Singapore, which will not let them fail. Local banks thus operate in a "cloistered" environment, even as they face competition from foreign banks.

The board had recommended bringing the chairman's pay closer to industry norms.

Christoper Cheong, DBS shareholder and committee member of Securities Investors Association Singapore countered Mr Sabnani with a passionate defence of Mr Seah's banking experience, ability and time spent in guiding DBS.

The resolution on directors' fees was passed with more than 32 per cent voting against.
All other resolutions were passed with overwhelming "for" votes of between 91 and 99 per cent.

http://www.businesstimes.com.sg/brea...board-20140428



RUN don't understand this.

The question about director's remuneration is "passionately-defended" by another shareholder + SIAS committee member, rather than DBS Board.

Shouldn't SIAS be raising questions on behalf of the retail investors instead?


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