In an effort to further improve corporate governance, Singapore has launched the Stewardship and Corporate Governance Centre (SCG) to bridge the best practices between the East and West, reports Channel News Asia.
"In this globalised age, one country's economy and its companies' problems could trigger global instability. So our state-owned companies and other companies need to ensure sustainable and healthy growth, and try not to repeat the episodes of Enron and Lehman," says Li Rong Rong, vice chairman of the Subcommittee for Economic Affairs of the National Committee of the 11th Chinese People's Political Consultative Conference.
According to Channel News Asia, Singapore has been working hard to improve corporate governance. Earlier this month, the nation's bourse tightened its governance rules while the Institute of Directors proposed changes to the code of corporate governance.
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