Broken Allianz with Income: Part 1

Part 1: An Analysis of Income Insurance’s Corporate Governance, Financial Reporting and Performance Before the Allianz Offer
The first part of this two-part analysis on Income Insurance discusses the history of Income Insurance, and its corporate governance, financial reporting, and performance leading up to its corporatisation and post-corporatisation. It raises questions about each of these areas and suggests significant room for improvement.
The analysis is published by the Centre for Investor Protection (CIP) with the aim of improving the governance, management and transparency of Income Insurance. As a key financial institution with more than 15,000 shareholders and significant impact on stakeholders including the community, there are important lessons to be drawn from the perspective of investor and stakeholder protection.
Disclaimer
This analysis is based on public information. Interpretations and opinions are solely the author’s and not those of any organisations he is associated with. The Centre for Investor Protection, NUS Business School, National University of Singapore and the author do not provide any warranties or make representations as to the accuracy, completeness, suitability or fitness for purpose of the Materials and accept no responsibility for any acts or omissions made in reliance of the Materials. These Materials are not intended, in part or full, to constitute legal or professional advice.