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What the Wirecard and Luckin Coffee scandals can teach Asia's boards

Too many company directors have no understanding of the companies they oversee

| China
Perhaps Luckin's problems could have been avoided.   © Imaginechina/AP

Mak Yuen Teen is an associate professor at the National University of Singapore Business School, specializes in corporate governance.

When companies like Wirecard, NMC Health and Luckin Coffee become embroiled in scandals, people often question the role played by the auditors. Why is the same not asked of board directors?

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