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What makes an effective board?

Key elements include diversity and active engagement, say five chairmen whose firms won Best Managed Board awards.

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Dr Lee: "An important aspect of good governance is to have an effective, strong and independent board which actively engages the management on strategy and major business decisions."

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Mr Gapud: "The principal responsibility of the board members is to protect the interest and enhance the value of the company's shareholders."

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Mr Tan: "It is important to have a strong independent element on the board . . . At StarHub, our independent directors represent more than one-third of the board."

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Mr Pun: "Good corporate governance . . . brings significant benefits: a stronger standing with governments, increased stakeholders' confidence and trust, all key to sustainable growth, especially in a frontier market like Myanmar."

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Ms Menon: "Singapore boards do not rank well in terms of gender diversity which seems strange to me given the obvious availability of hugely talented and capable women. I have begun to lean in favour of mandating gender diversity."

ROUNDTABLE PARTICIPANTS

  • Lee Boon Yang, chairman, Keppel Corporation
  • Rolando Gapud, chairman, Del Monte
  • Tan Guong Ching, chairman, StarHub
  • Serge Pun, executive chairman, Yoma
sentifi.com

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