RHTLaw Taylor Wessing’s Managing Partner Tan Chong Huat shared his views in this week’s topic in the Business Times’ weekly column, Views from the Top.
This article was first published in The Business Times on 6 March 2017.
In the driver's seat
March 6, 2017 - 05:50
THIS WEEK'S TOPIC: How far do you as a corporate leader take in views from others in running your business? How do you draw from the latest and best out there?
Tan Chong Huat
RHTLaw Taylor Wessing LLP
Views are the bases of ideas and innovation. Plurality of views engenders more options for business ideas and innovation. I am agnostic when taking in views that are constructive and instrumental in running my business profitably and sustainably.
I seek out views from key stakeholders (customers, co-workers, businessmen and my partners) by asking questions. Then I listen intently. If I don't understand, I ask more questions. My learning orientation often elicits positive responses from them. As they see how some of their views are adopted, they entrust me with more views. This would likely result in more ideas.
RHTLaw Taylor Wessing Founder-Senior Consultant Mr Rajan Menon presents the NUS Criminal Justice Club with the 2017 RHTLaw Taylor Wessing Subhas Anandan Pro Bono Award at the NUS Pro Bono Awards ceremony, Wednesday 1 March 2017.
Leading international law firm RHTLaw Taylor Wessing is pleased to announce that it has awarded the NUS Criminal Justice Club (“CJC”) the RHTLaw Taylor Wessing Subhas Anandan Pro Bono Award (“the Award”) at the NUS Law Pro Bono Awards Ceremony 2017. The Firm’s Founder-Senior Consultant Mr Rajan Menon presented the Award to the CJC at the event today.
The RHTLaw Taylor Wessing Subhas Anandan Pro Bono Award seeks to encourage NUS Law students to embrace the pro bono spirit and to be torchbearers of pro bono work. It provides S$25,000 over a period of five years from 2016 to 2020, to fund worthy pro bono projects initiated by NUS Law students.
Into its second year, the Award was launched in 2016 as a tribute to the late Mr Subhas Anandan, Singapore’s most outstanding criminal lawyer and a Senior Partner at RHTLaw Taylor Wessing. Mr Anandan was a champion of pro bono work and a tireless supporter of a fair and just society, whose legacy the Firm is continuing to honour and celebrate.
Set up to raise awareness about criminal law in Singapore and to inspire positive change within the criminal law scene, the CJC best reflects Mr Anandan’s own advocacy for the criminal justice system in Singapore. The Club has helped provide recourse for individuals who believe they have been wrongfully convicted of crimes and led efforts in exploring potential improvements to the military justice system. To this end, the Firm is pleased to present the CJC the RHTLaw Taylor Wessing Subhas Anandan Pro Bono Award for the second year running.
Commenting on the value of pro bono work in a speech delivered to NUS Law students at the event, Mr Rajan Menon, Founder-Senior Consultant of RHTLaw Taylor Wessing said, “For lawyers getting into or just starting out in their careers, pro bono work provides exposure to a broad spectrum of legal work that they might otherwise not encounter in their practice. Many of our volunteer lawyers have also found their lives enriched by a sense of fulfilment in knowing their pro bono work has directly touched someone’s life in a meaningful and lasting way.”
“We look forward to seeing many more good works done by you in the coming years. As students on the cusp of entering the legal profession, we hope that you will continue to embody and strengthen the pro bono spirit even as you progress through your careers,” Mr Menon added.
The importance of pro bono work, and of giving back to the community, has always been part of the RHTLaw Taylor Wessing culture. The RHT Rajan Menon Foundation, set up to enable the Firm and the RHT Group of Companies to contribute to charitable endeavours, has raised more than S$400,000 over the past two years for beneficiaries including The Straits Times School Pocket Money Fund, the World Wide Fund for Nature, the National Galley Singapore and the Red Cross Home for the Disabled.
Volunteer lawyers from the Firm are regularly involved in pro bono work as well, participating in legal clinics and the Criminal Legal Aid Scheme (CLAS) and assisting the Action Community for Entrepreneurship Ltd as the legal service provider to the start-up community at JTC LaunchPad@one-north.
The RHTLaw Taylor Wessing Subhas Anandan Pro Bono Award is featured in the following news reports:
"Pro bono award winners lauded for making a difference" - The Straits Times, 2 March 2017
RHTLaw Taylor Wessing’s Head of Regulatory Practice Nizam Ismail was featured in Thomson Reuters Risk Management Solutions' State of Regulatory Reform 2017: A Special Report.
The annual report covers predictions of what the regulatory landscape will entail in this coming year for markets such as the Americas, Middle East and Africa and the Asia-Pacific.
In the Asia-Pacific section, the special report noted market misconduct and anti-money laundering (AML) are seen as Singapore's top concerns. Nizam commented, "MAS has begun to focus more on corporations and financial institutions, following the introduction of regulations for corporate derivative liability". In relation to the MAS's shutdown of BSI Bank and Falcon Bank, Nizam said the liability risk for the firm lies in individuals, including senior managers, who were involved in or who condoned practices such as facilitating money laundering.
This year is also seen to be the year of consolidation, supervision and enhanced surveillance of MAS's AML efforts. "There will be a stronger focus on cross-border money laundering activity, an area where the Financial Action Task Force (FATF) deemed Singapore to have fallen short. There will also be more AML enforcement, asset forfeiture and terrorist financing prosecution”, Nizam shared.
The full report can be found in Thomson Reuters Risk Management Solutions website, under the special reports section titled 2017 State of Regulatory Reform.