Enhancing value via diversity, inclusion

WHILE corporate governance has continued to evolve over the past few decades, there is still room for further improvement. Companies continue to be focused on their financial results. Unfortunately, accounting standards have their limitations, as they don't measure the value of all intangibles. And yet in many cases, intangible assets including its human capital make up over half of the value of a company. Studies have shown a correlation between a company's human capital strategy and business performance.

In more recent times, there has been debate on how diversity can enhance a company's corporate governance. In Singapore, unfortunately some view the words "board diversity" as "dirty" words.

Why? Most regard Singapore's meritocracy as an integral part of its success, with many people identifying it as a core principle of governance in Singapore.