Case study: Top Glove: Tip-Top or Topped Out? | Professor Mak Yuen Teen and CPA Australia

a. What are the pros and cons of having the founder of Top Glove as its Executive Chairman? Is having family members - who collectively hold a controlling stake in Top Glove - as directors and management of Top Glove good for the company? Please explain.

b. Critically evaluate Top Glove's board composition in terms of independence and diversity. What are your thoughts on the appointment of the two independent directors who are family members of retiring independent directors? Do you think they should be deemed to be independent? What skills and experience do you think are particularly relevant for independent directors who are appointed to Top Glove's board? Please explain.