The Business Times
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Robson Lee

CONTRIBUTOR

The Monetary Authority of Singapore Act was passed in 1970, leading to the birth of the eponymous financial services regulator in 1971.

SG60: The development of Singapore’s corporate and securities law over the last 6 decades

Recent court and enforcement cases highlight the importance for directors to be vigilant and diligent.
SINGAPORE CORPORATE AWARDS 2023

Board directors must stay true to duties, responsibilities amid challenges

Given the tendency for generative AI such as ChatGPT to make mistakes and unwittingly convey misinformation, legislation must address how to handle such falsehoods.
THE BROAD VIEW

Ethics vs algorithms – the legal balancing act of AI development

Purported white knights should be made to disclose their intentions.

Take care that so-called white knights don’t circumvent tougher due diligence standards

Market regulators should conduct a more comprehensive review and further amend existing listing rules to better equip independent directors in their governance roles of listed companies

More regulatory changes needed to enable IDs to act without fear or favour

The company’s internal controls and risks management must withstand the scrutiny of public transparency and adhere to the high standards of legal accountability to investors.

Internal controls and risk management, and other key pillars of good corporate governance

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