As part of RHT Law's commitment to excellence in corporate governance, the firm's Managing Partner, Mr Tan Chong Huat, contributed his views as a panellist in a corporate governance workshop held on 25th October 2011, at Marina Mandarin Singapore.
The workshop was one of many workshops organised by the Securities Investors Association Singapore (SIAS) as part of the 2011 Corporate Governance Week, and focused on board matters such as the indicators of board performance, changes in the Companies Act/ Code of Corporate Governance and Key Priorities for 2011.
The panel discussion covered key issues such as board practices, succession, diversity, risk management, and matters relating to corporate governance.
The other panel members include Mr David Chew, Executive Director of Deloitte & Touche Risk Consulting, Mr Chong Yoon Chou, Investment Director of Aberdeen Asset Management Asia Limited, and Mr Shariq Barmaky, Partner at Deloitte & Touche LLP.
RHT Law presented in a series of seminars organised by KPMG Board Advisory Services on the "Proposed changes to the Singapore Code of Corporate Governance and Companies Act".
Held over 3 sessions in October, RHT Law's session covered the proposed changes, and the implications and practical considerations organisations may face when the changes come into effect. Attendees at the event include C-level, directors and senior management, as well as Board members of listed companies.
Managing Partner Tan Chong Huat, and Corporate and Securities Partners Ch'ng Li-Ling and Billy Lau represented RHT Law at the seminars.
RHT Law congratulates RHT Corporate Advisory Pte. Ltd. on securing listed company Duty Free International Limited ("DFI") to engage their corporate secretarial services.
DFI (formerly known as Esmart Holdings Limited) is the largest local duty-free trading group in Malaysia with strategic presence at all leading entry and exit points in Peninsular Malaysia. DFI's core business is in the trading of duty-free merchandise and hospitality services which are marketed under the well-known brand name, 'Zon' in Peninsular Malaysia.
As part of the Group's hospitality business, DFI owns the Zon Johor Bahru Duty Free Complex. The Group manages the shopping mall (the Zon Mall) and hotel (the Zon Regency Hotel by the Sea), and operates the international ferry terminal (Johor Bahru International Ferry Terminal) located within the duty-free zone. In addition, DFI also owns an 18-hole golf club (Black Forest Golf And Country Club) located at Bukit Kayu Hitam, Kedah, near the Malaysia-Thailand border.
RHT Law's Corporate & Securities Partner, Lawrence Wong and RHT Corporate Advisory Manager, Shirley Tan are the named Company Secretaries for DFI.
RHT Law and RHT Capital have pledged their support to uphold and advance good corporate governance standards as Corporate Governance Professionals.
The pledge is a key feature of this year's Singapore Corporate Governance week organised by the Securities Investors Association (Singapore) or SIAS. RHT Law and RHT Capital joins leading institutions and corporations who have endorsed this pledge, namely the Organisation for Economic Co-operation and Development (OECD) and the Singapore Exchange (SGX).
The pledge is deemed to be timely given the sharp rise in average number of fraud cases in Singapore, notwithstanding that the Asian Corporate Governance Association in Hong Kong recently rated Singapore as having the best corporate governance standard in Asia.
The Statement of Support for Year 2011 reads:
"As an Organisation we are committed to upholding high standards of corporate governance to enhance shareholder value. We believe practising good corporate governance is central to the health and stability of our financial markets and economy."
A total of 105 companies have signed the Statement of Support for excellence in corporate governance which has been published in the Business Times on 24th October 2011.