--- title: "What corporate governance blind spots are revealed by the PropertyLimBrothers scandal? | Lianhe Zaobao" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/274589662.md" description: "Singapore real estate technology company PropertyLimBrothers has attracted attention due to the scandal involving founder Lim Wei Jie and Vice President Chen Yue Ting. Experts point out that this incident may damage the company's reputation and affect its integrity image. The company lacks effective management and supervision mechanisms, which may lead to talent loss and financial issues. The effectiveness of crisis management remains to be assessed, with potential impacts including the loss of clients and creators, which could negatively affect revenue" datetime: "2026-02-03T02:57:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274589662.md) - [en](https://longbridge.com/en/news/274589662.md) - [zh-HK](https://longbridge.com/zh-HK/news/274589662.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/274589662.md) | [English](https://longbridge.com/en/news/274589662.md) # What corporate governance blind spots are revealed by the PropertyLimBrothers scandal? | Lianhe Zaobao ### 1) What impact will this scandal have on PropertyLimBrothers? Corporate governance expert and professor at the National University of Singapore Business School, Mai Run Tian, pointed out in an interview with Lianhe Zaobao that the scandal will undoubtedly damage the reputation of PropertyLimBrothers. "The outside world will link this inappropriate relationship between a superior and a subordinate to issues of corporate integrity, and it is worth mentioning that the company's slogan happens to be: 'Real Estate with Integrity.'" Mai Run Tian noted that since PropertyLimBrothers is not a publicly listed company, there is no information about the board of directors on the company website. This indicates that the company may lack effective oversight mechanisms for its management. (Provided by Mai Run Tian) Mai Run Tian also observed that current news reports and the online world are filled with doubts about Chen Yue Ting, claiming that her experience does not meet the requirements for the position of strategic vice president and that she should not receive such a generous salary, reflecting that the company is favoring relatives in its hiring practices. "The company must face and address this issue; otherwise, it will affect its ability to attract and retain talent. If the problem is ignored, in the long run, the company's financial situation may be severely impacted." Jose Raymond, managing director of public affairs and communications firm SW Strategies, stated in an interview that it may take several weeks to more accurately assess the impact of the incident on the company's brand equity and revenue. "Currently, potential impacts include the loss of content creators and clients, which is enough to negatively affect revenue." ### 2) Is PropertyLimBrothers' crisis management adequate? PropertyLimBrothers founder and CEO Lin Wei Jie (right) and female subordinate Chen Yue Ting have resigned after the video went viral. (Internet) PropertyLimBrothers' spokesperson confirmed on January 29 that both have resigned, with another colleague acting as CEO; as for the company website, their images and information have also been removed. At that time, the spokesperson also stated that the company is strengthening workplace behavior norms and management processes, "We will not comment on rumors or speculation; the company's business operations and customer service are all normal." Mai Runtian believes that overall, the company's response is still considered appropriate and emphasizes that it will review its governance structure and policies, but the key lies in whether the company can fulfill its commitments. He continued to point out that since PropertyLimBrothers is not a publicly listed company, there is no information about the board of directors displayed on the company's website. This indicates that the company may lack an effective supervision mechanism for its management. Joe Lim, Director Manager of public affairs and communications company SW Strategies, pointed out that the potential impact of this incident on PropertyLimBrothers includes the loss of content creators and clients, which is enough to negatively affect revenue. (Provided by Joe Lim) Joe Lim also hopes that PropertyLimBrothers can face corporate ethics and the impact of this incident on the company: "Whether or not it is a publicly listed company, once a business has contact points with the public and relies on public reputation to generate revenue, it means the company will be under public scrutiny for a long time. If mishandled, such incidents can quickly escalate into a major crisis." Looking at the entire incident, Mai Runtian believes that Lin Weijie bears greater responsibility. "There is a clear power imbalance between the CEO and the Vice President of Strategy. In this situation, I have always believed that the party in power should bear the greatest responsibility." ### 3) Will the impact of similar incidents differ significantly between listed and non-listed companies? #### Extended Reading Getting closer to colleagues of the opposite sex? Modern marriage hides a "work spouse" crisis Office romance exposed, Nestlé CEO dismissed just a year after taking office Mai Runtian pointed out that since PropertyLimBrothers is not a publicly listed company and does not have a formal board of directors, it has always lacked a mechanism to hold accountable and supervise the management. As for publicly listed companies, Mai Runtian said that due to immediate pressure from shareholders and the potential impact on stock prices, the company's management should quickly take action to resolve the issues. ### 4) What is the background of the PropertyLimBrothers incident? Recently, a netizen posted on the social media platform Reddit, revealing that the CEO and one of the founders of PropertyLimBrothers, Lin Weijie, and the strategic vice president, Chen Yueting, were involved in a scandal. According to the aforementioned six-minute video, moaning sounds were heard coming from an office, followed by several scenes showing Lin Weijie, dressed in a green top, exiting the office and then re-entering. About two minutes later, both parties exited the office together, after which Lin Weijie locked the office door. After the video was released, there was much discussion online, with netizens pointing out that since both parties are married, their behavior was quite inappropriate. Subsequently, the company confirmed to the media that both have resigned. PropertyLimBrothers' business includes real estate sales and brokerage services, real estate media and marketing, and real estate education and consulting. According to the company's website, it currently has over 78,000 subscribers or followers on YouTube and over 44,000 on Facebook; on Instagram and TikTok, the follower counts exceed 37,000 and 21,000, respectively. ### 5) What are some similar cases? The intimate interaction between Andy Byron (back) and Kristin Cabot (front) went viral online, sparking heated discussions. Subsequently, under public pressure, Andy Byron resigned as CEO of Astronomer. (Internet) A more recent notable example includes last July, when then-CEO of the American AI startup Astronomer, Andy Byron, was seen interacting closely with HR director Kristin Cabot while watching a Coldplay concert, unexpectedly captured by cameras in the audience The footage spread widely on the internet, sparking heated discussions. Andy Byerly also resigned as CEO under public pressure. In addition, Julia Carreon, a former managing director of Citigroup, filed a lawsuit against the group on January 27 of this year, claiming that the human resources department pressured her to resign after she was sexually harassed by another executive, Andy Sieg. In the lawsuit, Carreon also stated that Citigroup has a "culture of discrimination and sexual harassment." 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