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Good governance involves both conforming and performing: SID chairman

Boards need to move beyond concerns over adhering to regulations

Singapore

WHEN thinking about good governance, company directors should be focused on more than just conforming to requirements. They must look equally towards performance, said Wong Su-Yen, chairman of the Singapore Institute of Directors (SID).

In an interview with The Business Times, Ms Wong said there is a widespread view that governance is about conformance and adherence to regulations. This is undoubtedly important, but she said companies are now facing a changing business environment.

"I think the critical challenge for companies now, pre-pandemic, but of course exacerbated by the pandemic, is the fact that business models are changing very rapidly, technological disruption is also upon us,...

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