By Lee Su Shyan, Assistant Money Editor

THE Singapore Exchange (SGX) scored a notable coup last week when it appointed CapitaLand chief executive Liew Mun Leong as an independent director, but it also raised a deeper question: Could a bolder step have been taken to appoint someone more representative of retail investors?

The SGX board is laden with blue-chip business expertise, reading like a who's who of corporate Singapore.

As chairman JY Pillay said of Mr Liew's appointment: "His extensive corporate and industry expertise will add diversity to the board.He is widely regarded as an astute corporate leader. His proven ability as a team-builder will be valuable to the company."

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