appointed as executive director<\/strong><\/em><\/a> last month.<\/p>\n\n\n\nTse Cho Tseung joined the company in March 2019 and was leading the firm\u2019s hotel operations business.<\/p>\n\n\n\n
Any shareholder with over 10 per cent of the company\u2019s shares can call for a special general meeting to discuss the permanence of any given director. Last month Lau Tom Ko Yuen stepped down from the board of his own accord a few weeks after Global Allocation called for his removal, not long after the departure of \u00a0Walt Power as a non-executive director\u00a0in May. Power has\u00a0since taken up a position as CEO of the Ho Tram Project\u00a0in Vietnam.<\/p>\n","protected":false},"excerpt":{"rendered":"
The same shareholder that requested the removal of former deputy chairman and executive director Lau Tom Ko Yuen is after a second head.<\/p>\n","protected":false},"author":2,"featured_media":7794,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Shareholder Global Allocation, holding 10% of South Shore, has initiated a second call for the removal of an executive director, Tse Cho Tseung, following the recent departure of Lau Tom Ko Yuen. This ongoing shareholder activism highlights significant corporate governance challenges and executive instability within the owner of THE 13 Macau.","focusai_entities":"South Shore, THE 13 Macau, Global Allocation, Lau Tom Ko Yuen, Tse Cho Tseung, Walt Power, Ho Tram Project","focusai_location":"Macau, Vietnam","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), compliance_legal (0.8), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on THE 13 Macau?","query":"What is the projected operational and strategic impact of this sustained board instability and executive turnover on THE 13 Macau's market position and financial performance?"},{"label":"Regulatory scrutiny implications?","query":"Given the repeated executive departures and shareholder activism, what level of regulatory scrutiny might South Shore face from Macau's gaming authorities regarding its corporate governance framework?"}],"footnotes":""},"categories":[157,16338],"tags":[],"class_list":["post-7791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=7791"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7791\/revisions"}],"predecessor-version":[{"id":7821,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7791\/revisions\/7821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/7794"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}