Author: Mak Yuen Teen

SGX, other regulators must ensure proper investigations and enforcement.

I hope that SGX and other regulators would not accept disclosures which cannot be substantiated. Unfortunately, many companies today seem to think otherwise, judging by the tardiness of their disclosures and responses to SGX queries. In my view, this has considerably damaged the trust in our disclosure-based regime.

Policymakers and practitioners need to be wary about flawed academic research being used to satisfy demands for “evidence-based” policies. Sometimes, policymakers would just have to make difficult policy decisions based on judgement after a careful assessment, not based on flawed empirical evidence.

There is a danger that diversity becomes just a numbers game, leading to no positive effects or even adverse effects on performance.

By Mak Yuen Teen According to the OECD Principles on Corporate Governance, having an effective regulatory framework and enforcement is fundamental to good corporate governance in a market. In fact, this is the first of the six...