There and an appreciation that not all

There has been an increased
awareness and a higher level of rigorous discussion for better corporate
governance in Singapore in recent years. The government has invested heavily in
its reputation and the reliability for foreign investors. The educational
system is aiming to educate young people with a strong sense of business ethics
and an appreciation that not all deals should be about maximizing profits.

Since the ownership has remained among families and the state, it has created a
limitation for foreign investors to receive valuable information and also to
change the status-quo. Foreign shareholders had in the past years called for
changes in corporate governance, such as reduction in board sizes and more transparency
(Economist Intelligence Unit, 2006)

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In contrast to the US or UK, it is
rare for corporate overtakes in Singapore. The state’s practice of unofficial
M transactions has also prevented the frequency of acquisitions. The
public listed companies in Singapore operates as a form of a representative
government. Majority of these listed companies are state-owned. A good corporate
governance has a profound effect on how well a business performs (Carney, 2015).

According to the President and CEO
of Singapore Securities Investors Association David Gerald, the better the
corporate governance is organized the better the company actually operates. He
addresses that the evolution of the economic and political diversity in the
region ensures that a “one size fits all” approach to corporate governance
policies will not work in many Asian markets. Singapore must adjust its
practices to fit the peculiarities of their own experience and adopt those
standards in the context of the nation’s own institutional constraints (Gerald, 2012).




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