Vincent Phang, former CEO, and Vincent Yik, former CFO of Singapore Post (SingPost), were terminated on December 21 following a whistleblower report alleging misconduct in their international e-commerce logistics operations. They disputed the termination, claiming it lacked substantive grounds and was procedurally unfair. The report indicated that employees had manipulated delivery status codes to avoid penalties, leading to internal investigations that identified serious breaches of conduct. The board lost confidence in the executives’ judgment, prompting their dismissal. SingPost shares fell 8% after the news. Phang and Yik vowed to contest the decision and maintain their commitment to the company.