The woman who is alleged to be at the center of the City Developments Limited ( CDL ) boardroom conflict has resigned as an independent advisor to the board of Millennium & Copthorne Hotels Limited (MCHL ) subsidiary in Singapore.  ,  ,
Dr. Wu had been in charge since August 2024. Before that, Dr. Wu served on the MCHL committee between June 2022 and January 2024.
The MCHL table received the “irrevocable withdrawal of Dr. Catherine Wu as an unpaid separate assistant, with quick consequence,” according to CDL’s executive president Kwek Leng Beng in a statement.  ,
Sherman, the party CEO of CDL, the elder Kwek’s boy, had previously stated that Dr. Wu has been “interfering in things well beyond her scope,” adding that” she wields and exerts enormous effect.”
According to Mr. Kwek Leng Beng, the CDL CEO had attempted to defend his table revolt and flagrant corporate governance vulnerabilities using unproven assertions about Dr. Wu.
He cited his father’s earlier declaration, which Sherman said” the primary reason for the debate relates to a very serious matter of corporate management within the CDL party arising from one Dr. Catherine Wu’s do.”
The CEO and his board of directors no longer have a basis to make such allegations of corporate governance as a justification for Dr. Wu’s resignation, the elder Kwek said.
” It is high time that we restore investor confidence and make sure that breaches of corporate governance by the CEO and his team of directors, including those committed by them in violation of the SGX Listing Rules and the Code of Corporate Governance, never occur again,” said the CEO.