SingPost sackings: IMDA issues advisory to company to uphold proper governance, processes

CNA12-23

SINGAPORE: The Infocomm Media Development Authority (IMDA) has issued an advisory to Singapore Post to "uphold proper governance and processes" after the company sacked three top executives over their...

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Three other managers who were directly involved in this matter – but not identified by SingPost – were fired. \nThe report alleged that there were manual entries of certain delivery status codes by SingPost's international business unit. These were for international transhipment parcels which the company had agreed to deliver under an agreement with one of its largest customers.\nThese manual entries were allegedly done without basis or supporting documentation and with the intention of avoiding contractual penalties under the agreement. \nIMDA said on Monday that the e-commerce shipment data falsification case was raised to the authority and SingPost in February this year.\n\"Regulated postal services remain unaffected as this matter concerns delivery of international e-commerce parcels overseas,\" IMDA added.\n\n\n\n\nSingPost said that the three senior executives - Mr Phang, Mr Yik and Mr Li - were found to be \"grossly negligent\" in relation to their handling of internal investigations into the whistleblowing reports and renewal of the related agreement. \nThey had \"omitted to consider material facts that compromised their decision-making and/or failed to perform their duties responsibly and reliably\", SingPost said in a filing on the Singapore Exchange (SGX).\nIn their handling of the whistleblowing report, they had “accorded undue weight” to the misrepresentations by some employees in the international business unit operations. \nThey did so without any independent substantiation or evidence, and in turn, made various serious misrepresentations to the audit committee. \nThe three top executives were found to have failed to exercise due diligence and breached their duties to the company. \nMr Phang and Mr Yik said in a statement that their sacking was unfair and without merits, adding that they would \"vigorously contest\" it.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493765493"}