Another MAS Corporate Governance Speech

On 10 May, Senior Minister Goh Chock Tong of MAS gave a speech at the Singapore Corporate Awards. The focus of the speech was on good corporate governance, which continues the trend of MAS this year to emphasise this to the business community.

Highlights from the speech included the relationship between good corporate governance and fiscal responsibility; corporate governance and competitiveness; and the role that the MAS Corporate Governance Council would play in order to ensure Singapore’s international leadership in corporate governance.

Mr Goh focused on substance over form, emphasising that not only must businesses comply with regulatory rules and requirements, but also they must understand and enact the spirit and values behind the corporate governance principles. The board, through their leadership and skills must ensure that the culture within the business is such that there is balance between profitability and being good corporate citizens in the broader sense.

For the full text of the speech, please use the following link, Singapore Corporate Awards