The remarkable progress made by SID in promoting principles of sound corporate governance belies its short history of just ten years. Credit for that achievement goes to its dedicated band of pioneers, ably led Chairman Chew Heng Ching and President John Lim Kok Min.
Together with governmental agencies and other institutions, like the Securities Investors Association (Singapore), SID has helped to place Singapore among the leading countries for corporate governance. Still, there can be no pause in the push for improved governance. In this business, either we continue advancing or we inexorably fall back. The status quo is not an option. Nor is there an end point. We just have to keep moving on this treadmill.
So, it is good to learn that SID is doing a thorough review of its programme of activities, its marketing, and financial resources to prepare itself for the coming challenges. An expanded, more active role in formulating and advocating views on corporate governance issues is a priority. Offering a wider range and delivery of training in director skill-sets is appropriate.
SGX will continue to work closely with SID in research, training and other areas. We do hope that corporate leaders and managers will support the Institute strongly, and make use of its platform to exchange ideas on governance issues and reforms, and ultimately contribute to retaining Singapore’s position among the leading jurisdictions.
May I offer congratulations to the leaders and members of the Institute for their distinguished service in the past decade, and send best wishes for continued success.
J Y Pillay
Chairman, Singapore Exchange Limited
