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Exactly, the decision made should be collectively among directors and have higher order of emotional and moral quotients than political acumen. The roles of independent directors are to provide correction and made available to stakeholder (include Auditor) to express their concern to the Board. Good company's behavioral allowing rigorous debate and questioning assumption for the decision. Now the board losing independence sounds, it should go back to private limited if stakeholders' opinions are unacceptable.
Same to customers, addresses provided not exist at the first place, all addresses provides are wrong, so careless? And query no. 2, 5 vendors' companies with the same shareholder and paid up capital of 100k only each, with same registered office, having total cost of 60M - 96M in transaction with the company.
1) Auditors tak happy, sue, ind directors tak suka, please resign, dominant personality 2) matters direct approved by Executive Director/major shareholder without any debate from independent point of view. 3) ignore the signals or influence the opinions from the Auditor 4) incompetence board 5) non observation of procedure, anyone can be vendor or customer of the company, not require any qualification or abilities. Resignation of chairman and ind directors will be the indicator of corporate failure.
