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UOB Limited (UOB) operates in the banking industry and has a market capitalization of about $52 billion. The list of top shareholders and board members
UOB Limited ("UOB") operates in the banking industry and has a market capitalization of about $52 billion. The list of top shareholders and board members of is shown below. Note that the holders with Wee in the name are family members. During a conversation with your colleague from the finance department, two statements caught your attention: Statement 1: UOB is such a huge corporation and the agency problem will surely exist. Statement 2: The CFO of UOB should not focus on the share price because doing so will lead to an overemphasis on short-term profits. (a) Critique Statement 1. Your answer should not exceed 300 words. (15 marks) (b) Critique Statement 2. Your answer should not exceed 200 words. (10 marks)
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