Securities and Futures Commission executive director David White is expected to have his contract extended until the end of 1998, in the wake of the extension of Anthony Neoh's tenure as chairman. As was the case with Mr Neoh, Mr White's term as director in charge of supervising the stock and futures markets was due to run out on June 30. It is understood Mr White's contract is under review and his tenure as executive director will be extended until December 31 next year. One issue believed to be under consideration in the 18-month renewal of Mr Neoh's contract is succession planning at the commission. With Mr Neoh's tenure now due to expire, it is believed preparations are already being made for a successor. There is strong speculation Mr Neoh will return to private law practice next year. The expected extension of Mr White's term until the end of next year is believed to have been tailored toward such a move. It would give Mr White six months to help brief any successor to Mr Neoh. Mr White would be involved in bringing the new chairman up to speed on developments and procedures at the commission. It is not known whether Mr White will be looking to stay on at the commission after that.