Corporate culture: The root of good and poor governance

IN HIS opening address at the Sias Corporate Governance Conference on Nov 6, Monetary Authority of Singapore managing director Ravi Menon said that Singapore will assess if it should introduce a new provision in its corporate governance code to promote good company culture.

Coincidentally, I had accepted an invitation to speak at the Annual Directors Summit organised by the Vietnam Independent Directors Association the following week on the topic of ethical leadership and corporate culture.

I was asked to cover three main issues: why ethical leadership matters especially in the current economic context, the relationship between ethical leadership and corporate culture, and empirical evidence on the relationship between having an ethical leadership and corporate value.