Ck Tang Case Summary

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As per Code Provision B.1.2, independent non-executive directors should make up at least fifty per cent of the board. C.K. Tang was compliant with this with the facts of the case stating that there were five board members including the CEO and Chairman, with three directors being independent non-executive members.

Section C.1 requires the board to present a fair and balanced assessment of company prospects. This also includes making necessary arrangements to ensure the information presented is fair and balanced. With reference to the board recommendation given to the minority shareholders of C.K.Tang in the third privatization. The board made this recommendation on the basis of an evaluation that was done by PwC. While the board may

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