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,...