The Business Times

Liew Nam Soon

EY ASEAN REGIONAL MANAGING PARTNER AND SINGAPORE AND BRUNEI MANAGING PARTNER AT ERNST & YOUNG SOLUTIONS LLP.

Global multinational corporations have been using Singapore as a hub for research and development and regional HQs, while deploying operations across neighbouring Asean countries.

Singapore must sharpen its distinctiveness to secure future in ‘a very different world’

How can we refresh what has worked as comfort zones narrow, competition widens, and socioeconomic pressures intensify? 

Traditional strategies that narrowly focus on financial output have become increasingly risky; long-term value is not just about immediate financial returns.

Making the transition to governance for good 

Boards and organisations must reframe their roles and the measure of value, as societies demand greater responsibility from employers, suppliers and investees

Companies that embrace a coherent ESG strategy and demonstrate tangible success may also benefit from lower cost of capital, given a mismatch between the growing amount of investment dollars looking for genuine ESG leaders and the limited supply of these companies.
THE BOTTOM LINE

Empowering CSOs from the boardroom

ESG performance is becoming increasingly important, with chief sustainability officers (CSOs) and board support both playing vital roles.

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