Multi-stakeholder approach vital as firms' valuations depend more on intangibles
In 1975, tangible assets accounted for 83 per cent of the total value of S&P 500 stocks. In 2020, tangible assets accounted for just 10 per cent
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Singapore
THE shareholder-centric model of governance, which has guided boards and business leaders for decades, may be increasingly irrelevant as the nature of companies and their assets change.
Panellists at a workshop during the Corporate Governance Week - a 6-day conference held by the Securities Investors Association (Singapore) (Sias) - noted that intangible assets account for a greater proportion of total assets than they used to, which means companies will need to re-think their metrics and strategies.
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