The company is headed by an effective Board which is collectively responsible and works with Management for the long-term success of the company.
The Board has an appropriate level of independence and diversity of thought and background in its composition to enable it to make decisions in the best interests of the company.
There is a clear division of responsibilities between the leadership of the Board and Management, and no one individual has unfettered powers of decision-making.
The Board has a formal and transparent process for the appointment and re-appointment of directors, taking into account the need for progressive renewal of the Board.
The CG Guides series is the definitive guide and reference to what directors need to know about Board and Board Committee practices in the context of the business and regulatory environment in Singapore.
The series comprises six printed Guidebooks and this eGuide platform. It is produced by SID with resources from Deloitte, EY, KPMG, Mercer and PwC, and support from ACRA, MAS and SGX.
While the Guides are intended for use by listed companies, the practices and guidance are also useful to private companies and non-profit organisations.