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Board's role inextricable from good stewardship

In fulfilling that role, each board member must make a commitment to the sound custody of the company on behalf of all stakeholders.

Stewardship is defined as "the act of safeguarding and enhancing an organisation's capability to create economic and societal value over time". It is also about fulfilling one's responsibility in growing the assets entrusted such that they would be handed over in better shape.

WHAT is the role of a company's board? Why does a company need to have a board? From a purely legalistic perspective, the answer seems obvious: Since 2012, Singapore's Code of Corporate Governance has stated that the board of a publicly listed company should bear responsibility for the company's...

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