Boards here and Down Under: Spot the differences
The 2 countries share more commonalities than differences, and synergies will provide significant strides in best corporate governance practices.
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NEXT year marks 50 years of formal relations between Singapore and Australia. The deepening ties promise increased corporate opportunities.
The two corporate landscapes share many similarities. For starters, a government and legal system based on the English, a broadly ethical and corruption-free business culture, and a commitment to high standards of corporate governance.
Yet, having sat on boards on both sides, I would say that there are distinct differences between how boards in the two countries function. They result from variances in regulation, culture and outlooks of economic opportunity and performance.
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