SGX securities market temporarily ceased trading as at 1138 hours

[Boon]

It might be "good enough" for some....................
______________________________________________________________________________________________________
SGX, saying sorry is not good enough
http://www.straitstimes.com/business/sgx...ood-enough
________________________________________________________________________________________________________________________

[cfa]

This is the outcome of no accountability system, no head roll , continue to draw millions , what is so bad .

[tanjm]

This is the outcome of no accountability system, no head roll , continue to draw millions , what is so bad .

The last CEO had to leave right? And the current CEO might be in hot soup. Isn't that the definition of accountability?

[cfa]

This is the outcome of no accountability system, no head roll , continue to draw millions , what is so bad .

The last CEO had to leave right? And the current CEO might be in hot soup. Isn't that the definition of accountability?

The SGX Board of Directors wishes to announce that Mr Magnus Bocker, the CEO, has notified that he is not seeking extension of his appointment beyond his current contract, which will be completed on 30 June 2015. He has been the CEO of SGX since 1 December 2009. The Board is moving forward with its CEO succession plan and is assessing internal and external candidates on a short list. The Board has engaged the global executive search and leadership advisory firm Spencer Stuart to facilitate the process. Mr Bocker said, “It has been an honour to lead the extraordinary people at SGX for more than half a decade. I am proud of our accomplishments in expanding SGX both in Singapore and internationally, especially for Asian equity index derivatives. But there is a time and season for everything, and it is now time for me to take on new challenges. I am confident that what we have built at SGX will endure and continue to serve the market well.” SGX Chairman Mr Chew Choon Seng said, “The Board understands Magnus’ considerations and respects his decision. We appreciate and thank Magnus for his contributions and leadership over an eventful and rapidly changing period, and wish him the best in his future endeavours .

http://infopub.sgx.com/Apps?A=COW_CorpAn...a94b204d73

The ex CEO didn't want to extend his employment contract with SGX and wanted to take on new challenges , he was not asked to step down to take any accountability !

[weijian]

This is the outcome of no accountability system, no head roll , continue to draw millions , what is so bad .

The last CEO had to leave right? And the current CEO might be in hot soup. Isn't that the definition of accountability?

The SGX Board of Directors wishes to announce that Mr Magnus Bocker, the CEO, has notified that he is not seeking extension of his appointment beyond his current contract, which will be completed on 30 June 2015. He has been the CEO of SGX since 1 December 2009. The Board is moving forward with its CEO succession plan and is assessing internal and external candidates on a short list. The Board has engaged the global executive search and leadership advisory firm Spencer Stuart to facilitate the process. Mr Bocker said, “It has been an honour to lead the extraordinary people at SGX for more than half a decade. I am proud of our accomplishments in expanding SGX both in Singapore and internationally, especially for Asian equity index derivatives. But there is a time and season for everything, and it is now time for me to take on new challenges. I am confident that what we have built at SGX will endure and continue to serve the market well.” SGX Chairman Mr Chew Choon Seng said, “The Board understands Magnus’ considerations and respects his decision. We appreciate and thank Magnus for his contributions and leadership over an eventful and rapidly changing period, and wish him the best in his future endeavours .

http://infopub.sgx.com/Apps?A=COW_CorpAn...a94b204d73

The ex CEO didn't want to extend his employment contract with SGX and wanted to take on new challenges , he was not asked to step down to take any accountability !

This is another example of the difference between theory and practice. In theory, Mr Magnus Bocker is seeking a new challenge, but in practice?

Words do not need to be spoken explicitly but most of us who uses common sense knows what it is.

[tanjm]

btw, he took about 10 months to find a new job. https://globenewswire.com/news-release/2...egion.html. The press release makes heavy going of his past experience.

Kuoclo is apparently in e-commerce, though a brief search doesn't seem to turn up much of a presence for Kuoclo.

[brattzz]

SINGAPORE: The Singapore Exchange (SGX) on Monday (Jul 18) announced it would be transferring its front-line regulatory functions to a separate subsidiary company with a separate board of directors.

The move aims to further enhance the governance of SGX as a self-regulatory organisation (SRO) by making more explicit the segregation of its regulatory functions from its commercial and operating activities, the exchange said in its press release.

SGX said it expects to set up the subsidiary by the second half of next year.

http://www.channelnewsasia.com/news/sing...65076.html

ok folks, they heard u!

[weijian]

btw, he took about 10 months to find a new job. https://globenewswire.com/news-release/2...egion.html. The press release makes heavy going of his past experience.

Kuoclo is apparently in e-commerce, though a brief search doesn't seem to turn up much of a presence for Kuoclo.

I did a similar brief search. KUOCLO website doesn't seem to qualify to appear in the pie chart in Alibaba's SEC filing for that minimum 1% of the market share in the Chinese B2C market (by transaction) for 2Q2014. From the businesses at its website, some of the names of its platforms (oovip.com and oomall.com), Koupay, OO chat) feels like a rip off to me (it lacks originality). This doesn't seem to be able to add anything significant to his CV, of course, unless it really takes off!

Market share: https://www.linkedin.com/pulse/201409090...is-alibaba
KOUCLO businesses: http://www.kouclogroup.com/business/

Mr Magnus Bocker seems to be hired for the main purpose of getting listed. He should most probably more than fill the job requirements sufficiently with this past experience and contacts!

[cfa]

This is the outcome of no accountability system, no head roll , continue to draw millions , what is so bad .

The last CEO had to leave right? And the current CEO might be in hot soup. Isn't that the definition of accountability?

The SGX Board of Directors wishes to announce that Mr Magnus Bocker, the CEO, has notified that he is not seeking extension of his appointment beyond his current contract, which will be completed on 30 June 2015. He has been the CEO of SGX since 1 December 2009. The Board is moving forward with its CEO succession plan and is assessing internal and external candidates on a short list. The Board has engaged the global executive search and leadership advisory firm Spencer Stuart to facilitate the process. Mr Bocker said, “It has been an honour to lead the extraordinary people at SGX for more than half a decade. I am proud of our accomplishments in expanding SGX both in Singapore and internationally, especially for Asian equity index derivatives. But there is a time and season for everything, and it is now time for me to take on new challenges. I am confident that what we have built at SGX will endure and continue to serve the market well.” SGX Chairman Mr Chew Choon Seng said, “The Board understands Magnus’ considerations and respects his decision. We appreciate and thank Magnus for his contributions and leadership over an eventful and rapidly changing period, and wish him the best in his future endeavours .

http://infopub.sgx.com/Apps?A=COW_CorpAn...a94b204d73

The ex CEO didn't want to extend his employment contract with SGX and wanted to take on new challenges , he was not asked to step down to take any accountability !

This is another example of the difference between theory and practice. In theory, Mr Magnus Bocker is seeking a new challenge, but in practice?

Words do not need to be spoken explicitly but most of us who uses common sense knows what it is.

So Mr Magnus Bocker was actually sacked by SGX , many thanks for sharing .