‘Corporate Governance Does Not Hinder Growth’, Is Essential for Long-term Sustainability

With the rising focus on accelerating companies in early stage growth through angel investors, private equity (PE) and venture capital (VC) outlined in the third Capital Market Masterplan (CMP3), there is a need to be cognisant of the corporate governance issues surrounding the move. National University of Singapore (NUS) accounting professor Mak Yuen Teen stressed that corporate governance is essential for long-term sustainability. Contrary to popular belief that corporate governance hinders growth or risk-taking, he opined that boards are supposed to promote entrepreneurship and innovation, not just compliance.