Futureproofing business resilience through good governance
By elevating governance as a core component of their overall strategy, Singapore leaders can lead the next wave of innovation and growth
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AS SINGAPORE faces a steep decline in initial public offering (IPO) activity in 2024, business leaders can opt to strengthen their foundations for long-term resilience and sustainable growth.
Although market conditions differ significantly from those of the United States, data from the US IPO boom of 2021 provides valuable insights into proactive governance strategies that drive long-term success – regardless of whether companies remain private or eventually go public.
The 2021 US IPO boom was fuelled by favourable market conditions – low interest rates, ample liquidity, and heightened investor enthusiasm. However, the companies that achieved lasting success had more than just economic tailwinds: they focused on governance, financial discipline, and adaptability.
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