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 13 June 2016.
Do good when doing well
JUNE 13, 2016 5:50 AM
THIS WEEK'S TOPIC: How can businesses integrate corporate giving with business strategy?
Tan Chong Huat
RHT Law Taylor Wessing LLP
SOME may feel that in times of crisis, businesses cannot afford to invest in CSR. However, I believe that the truth is just the opposite. In today's globalised world, the long-term value, strategy and success of businesses are inextricably linked to the integration of economic, social, environmental and governance issues into corporate management and operations. Intelligent organisations know that businesses can never be prosperous if they operate within societies that are unsuccessful.
The RHT Rajan Menon Foundation Charity Golf event has become a regular fixture on our philanthropic calendar. This year over S$260,000 was raised for three worthwhile charities. Together, we can be catalysts for positive change in our community.
RHTLaw Taylor Wessing in conjunction with RHT Holdings hosted a Singapore - Israel Technology event on 7 June 2016 at RHTLaw Taylor Wessing offices. Deputy Managing Partner of RHTLaw Taylor Wessing, Azman Jaafar, presented on the startup landscape in Singapore, and CEO of RHT Holdings, Jayaprakash Jagateesan, presented on funding, professional services and business solutions in the region.
A report suggested that Israel boasts the world’s highest concentration of high-tech start-ups per head and almost 1,000 new companies are launched there every year. Venture investments in Israel-based companies have not only increased in the number of deals – with a near 40% rise quarter on quarter, but they have more than tripled the total amount invested in Q1 of 2015.
The event had overwhelming response with over 100 attendees comprising Israeli startups, VCs and technology related service providers.
RHTLaw Taylor Wessing and RHT Group of Companies hosted a high-tea in their offices in commemoration of Mr Rajan Menon’s significant career milestone.
Mr Menon is one of the founding fathers of RHTLaw Taylor Wessing LLP. The firm traces its beginnings to May 2011 when a group of lawyers took the bold decision to form RHT Law LLP, who later joined the Taylor Wessing Group in March 2012 and became RHTLaw Taylor Wessing. The vision of our founding fathers was to build a local international law firm that created opportunities for both our clients and staff. The early years saw our founding partners fervently working to build a sustainable and successful law practice in Singapore. Operating out of a meeting room with two phone lines at 6 Battery Road, the pioneer batch of staff and lawyers banded together to weather the difficult early days of the firm. Like Singapore, the firm has grown from strength to strength.
Mr Menon will move on from his Senior Partner role into a new role, that of Founder-Senior Consultant of the Firm. He will continue to be in full-time practice and remain as the Firm’s pillar of strength and knowledge.
Our heartiest congratulations to Mr Menon on his achievements!
RHTLaw Taylor Wessing Partner Nizam Ismail was featured in a Channel NewsAsia article titled “Can Singapore stay clean when banks play dirty for wealthy clients?“.
The article makes reference to an interview with Channel NewsAsia programme Money Mind, where Nizam shared his thoughts on the compliance failures in relation to the Monetary Authority of Singapore’s (MAS) orders to shut down BSI Bank in Singapore.
Commenting on the tough decisions bank compliance officers face, Nizam said, “It takes a lot of courage for a compliance officer to say ‘no’ to a big transaction. It’s like standing in front of a moving truck and trying to stop it with your hands. And I think the point in the BSI case was that the truck just went over the compliance officer because it was a very big truck full of goodies.”
Nizam’s full comments can be found in the following news reports:
Money Mind – Channel NewsAsia, 4 June 2016
“Can Singapore stay clean when banks play dirty for wealthy clients?“ – Channel NewsAsia, 8 June 2016
Nizam Ismail is also a Co-Founder at RHT Compliance Solutions.