Singapore sets up expert panel to scrutinise firms with potential links to smoke haze caused by Indonesia fires
Singapore has established a panel of experts to investigate companies linked to the smoke haze caused by fires in Indonesia. The group consists of law, audit, and investigative firms. The Ministry of Law stated these firms possess the necessary skills for cross-border inquiries. Companies identified by the government must hire professionals from this panel to examine their supply chains and corporate relationships. These firms will conduct thorough audits of the businesses' operations. The results of these inquiries must be submitted to the government. The companies are required to provide full access to all relevant information and facts.
Singapore on Friday (Oct 23) announced the setting up of a panel of experts comprising audit, law and investigative firms, as it moves to hold accountable companies that may be responsible for, or have contributed to, the fires causing haze in Singapore.The Ministry of Law (MinLaw) said that these firms have expertise in conducting cross-border inquires and investigations. "Companies identified by the Government will be required to engage professionals from the panel to conduct thorough inquiries into their operations, corporate relationships, and supply chains, and to submit thorough audits to the Government."They are to provide complete access to information and other relevant facts about their operations, supply chains and corporate group structures to satisfy the Government that the companies are not in any way involved in causing or condoning the fires, MinLaw added."Companies will be expected to cooperate fully and provide unfettered access to relevant information and their operations as may be necessary for the inquiries," the ministry stressed.