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Some Lessons for Directors From Sino-Forest
Sino-Forest was a TSX-listed company, with a $6 billion market
capitalization, that became a worthless stock as a result of
allegations of fraud made against it by a short seller in June 2011. At
the time, Sino-Forest was a Canadian-incorporated forestry company,
headquartered in Mississauga but operating primarily in China. Most of
its assets and employees, including most of its management team, were in
China. Published in Corporate Governance, Federated Press, November 2014.