Greater corporate accountability and better governance is more about good ethics and the right spirit than having more rules and measures to check behaviour, Minister of State for Finance and Transport Lim Hwee Hua said yesterday.
Speaking to participants of a corporate governance seminar on board transformation
and renewal yesterday, Mrs Lim took pains to emphasise the need for 'substance over form'.
'Judging by the numerous new measures and rules put in place across the different jurisdictions, in response to rising corporate failure, it would seem that visible changes to board composition, practices
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