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Commentary
Cordlife: The appropriate test of materiality that should have been applied
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Cordlife stores cord-blood, which is an excellent source of stem cells which can be used in later life to treat several disorders.
ST PHOTO: CHONG JUN LIANG
David Gerald
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What is the appropriate test of materiality that companies should apply when making corporate disclosures?
This question has direct relevance to the case of cord blood bank service provider Cordlife Group, which is embroiled in controversy and the target of no small amount of criticism, following lapses in its storage of thousands of cord blood units.
