Back to basics: financial literacy for board members
Directors should have a minimal level of financial literacy that will allow them to make informed decisions. By BARBARA VOSKAMP
THESE days, it is nigh impossible to discuss the selection process of members to corporate boards without also raising the question of diversity.
As recent headlines, including the one involving Apple, remind us, diversity on a board of directors is a hot topic for not just shareholders and investors, but also for the company itself.
The received wisdom is that diversity adds a greater depth of thought, experience, knowledge and perspective to a company and how it does business.
And as any investor knows, diversification is a handy tool for minimising risk.
While social diversity based on gender, age, ethnicit…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Singapore loses ‘world’s best airport’ crown to Qatar
Higher gross rental income, lower expenses boost CICT’s Q1 NPI by 6.3% to S$293.7 million
Stocks to watch: CICT, Seatrium, Keppel DC Reit, UOB
Keppel DC Reit reports 13.7% lower Q1 DPU of S$0.02192
Netflix handily beats subscriber targets, misses on revenue forecast