12/19/2007

Corporate Governance hitting the headline

Today's frontpage article is on Corporate Governance. And I particularly like this quote from Morene Sim, executive director of Student's Care Service. 'We have a long history, so we have had the benefit of time to put in place best practices over all these years. This code just helps to achieve some degree of standardisation.' Yes we have a lot of time. Is this code of practice in the right place at the right time? How many places still sorely need this code of practice? Some may say the answer is quite obvious. There are many places where corporate governance is totally absence or pretend to be there.

3 comments:

Anonymous said...

What kind of a name is Morene ? Is it a misspelling of Moron ?

redbean said...

this is the creative part of singaporeans. we are creating a new identity with new names being formed everyday.

Matilah_Singapura said...

Corporate governance is an on-going thing. to be effective, it must be constantly developing. The better your organisation is governed, results in the likelihood that the organisation will have a sustainable revenue stream, and therefore probably profitable over the LONG term.

Corporate governance is nothing but an analogue of self-governance—on the individual level. If you can run your own ship, achieve your goals and be effective in your life, you don't need an external agent—like the State's government—to tell you how to shit, or whatever else to do with your life.