WHILE there are several governance risks associated with delegating board functions to an executive committee (exco), corporate governance experts The Business Times (BT) spoke to said that Centurion Corporation's OU8 : OU8 0% newly formed exco could help strengthen the group's decision-making processes.

With Centurion, which operates purpose-built worker and student accommodation, looking to further expand its global portfolio and business footprint, the formation of the exco gives the company greater agility and flexibility in assessing and addressing such opportunities as they arise, said David Loh, joint chairman of the board of directors and chairman of Centurion's exco.

"At the same time, given our expanded operations with 36 assets across 6 countries, the newly formed exco will also assist the board with its oversight responsibilities in evaluating major strategic initiatives and recommending proposals to the board which help achieve the objectives of long-term value creation," he told BT in an email response.