The recent high profile corporate scandals in Singapore have affected the confidence of investors and companies - in the quality of corporate governance here.
That is according to the latest survey conducted by NUS' Corporate Governance & Financial Reporting Centre and Jardine Lloyd Thompson.
The findings show that 38% of the companies surveyed do not have a system for identifying and managing risks in place, which is a worrying trend.
Said Mak Yuen Teen, co-director of Corporate Governance & Financial Reporting Centre, NUS Business School: "I think the 38% who don't have risk management system is a concern. That's because managing risk is a big part of the board's and management's responsibility. So that is one area that companies have to pay more attention to."
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