Boards must do more to lead transformation: SID chair Wong Su-Yen

BOARD directors should actively help to transform their organisations, instead of merely focusing on conforming to regulations and meeting today’s performance goals, said Wong Su-Yen, chair of the Singapore Institute of Directors (SID).

For this to happen, directors must understand the organisation’s strategy and have oversight of various topics in an ever-changing environment.

“It’s about taking knowledge of rules and regulations, plus understanding the strategy and direction of the organisation, because one of the biggest threats that organisations face (arises from) transformation,” Wong said.