UOB Limited (“UOB”) operates in the banking industry and has a market capitalization of about S$52 billion. The list of top shareholders and board members of is shown below. Note that the holders with Wee in the name are family members. During a conversation with your colleague from the finance department, two statements caught your attention: Statement 1: UOB is such a huge corporation and the agency problem will surely exist. Statement 2: The CFO of UOB should not focus on the share price because doing so will lead to an overemphasis on short-term profits. (a) Critique Statement 1. Your answer should not exceed 300 words. (b) Critique Statement 2. Your answer should not exceed 200 words.
UOB Limited (“UOB”) operates in the banking industry and has a market capitalization of about S$52 billion. The list of top shareholders and board members of is shown below. Note that the holders with Wee in the name are family members. During a conversation with your colleague from the finance department, two statements caught your attention: Statement 1: UOB is such a huge corporation and the agency problem will surely exist. Statement 2: The CFO of UOB should not focus on the share price because doing so will lead to an overemphasis on short-term profits. (a) Critique Statement 1. Your answer should not exceed 300 words. (b) Critique Statement 2. Your answer should not exceed 200 words.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
UOB Limited (“UOB”) operates in the banking industry and has a market capitalization of about S$52 billion. The list of top shareholders and board members of is shown below. Note that the holders with Wee in the name are family members.
During a conversation with your colleague from the finance department, two statements caught your attention:
Statement 1: UOB is such a huge corporation and the agency problem will surely exist.
Statement 2: The CFO of UOB should not focus on the share price because doing so will lead to an overemphasis on short-term profits.
(a) Critique Statement 1. Your answer should not exceed 300 words.
(b) Critique Statement 2. Your answer should not exceed 200 words.
Transcribed Image Text:Latest Holders
Holder
Wee, Cho-Yaw
Chairman
Emeritus &
Honorary Adviser
Wee Investments
Pte Ltd
Wah Hin & Co Pte
Ltd
Tai Tak Estates
Sendirian Berhad
Haw Par
Corporation
Limited
(SGX:H02)
BlackRock, Inc.
(NYSE: BLK)
The Vanguard
Group, Inc.
Wee B.Sc., M.A.,
Ee Cheong
Deputy Chairman
& CEO
Wee, Ee Lim
Non-Executive &
Non-Independent
Director
Common
%
Stock
Equivalent
Of
Held CSO Y
179,776,142 10.735
133,472,324 7.970
86,686,453 5.177
67,539,947 4.033
Market
Value
(SGD
in
mm)
46,440,613 2.773
5,630.1
4,180.0
68,800,000 4.108 2,154.6
2,714.8
2,115.2
1,454.4
46,144,918 2.756 1,445.1
43,410,618 2.592 1,359.5
41,626,098 2.486 1,303.6
Key Board Members View All
Name
Title
Wong, Kan Seng
Wee, Ee Cheong
Wee, Cho-Yaw
Ng, Wei Wei
Chia, Tai-Tee
Phan, Swee Kim
Woon, Kim Hong
Dinh, Ba Thanh
Lien, Jown Leam
Teo, Lay Lim
Wee, Ee Lim
Independent Chairman of the Board
Deputy Chairman & CEO
Chairman Emeritus & Honorary Adviser
CEO & Executive Director of United Overseas Bank (Malaysia) Berhad
Independent Director
Independent Non-Executive Director
Independent Director
Independent Director
Non-Executive & Non-Independent Director
Independent Non-Executive Director
Non-Executive & Non-Independent Director
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