RHTLaw Taylor Wessing Head of Regulatory Practice Nizam Ismail was quoted in The Wall Street Journal article titled “Indonesia’s Tax Amnesty Casts New Shadow on Singapore”.
The article makes reference to Indonesia’s tax amnesty that highlights the challenge of Singapore to expand its private banking business while still safeguarding its reputation of good governance. In view of the 1Malaysia Development Bhd. financial scandal in Malaysia where misappropriated funds flowed through Singapore’s banking system, The Monetary Authority of Singapore has commented that the case has created “a dent in our reputation as a clean and trusted financial centre”.
The Singapore authorities has since responded with increased efforts to proactively target such cases and to further strengthen the country’s anti-money laundering efforts. However, as the Singapore financial system increases its reliance on private wealth, more of such cases could possibly unfold. Nizam contributed that this would be an occupational hazard of major financial centres.
The full article can be found in the “Markets” section of The Wall Street Journal dated Monday 3 October 2016.
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 10 October 2016.
In the driver's seat
OCT 10, 2016 5:50 AM
THIS WEEK'S TOPIC: What does it take to be a C-suite executive in Singapore?
Tan Chong Huat
RHTLaw Taylor Wessing LLP
TO become a great corporate leader means taking stock of who you are - all your strengths and weaknesses.
I feel that one has to have three domain competencies. These are:
Vocational competence - that is being really good in your chosen profession.
Experience in and insight of the industry that you operate in.
Having the requisite people skills to work with unique individuals to integrate their abilities into a team.
Here at RHTLaw Taylor Wessing and the RHT Group of Companies, we prepare our leaders for the realities of today and the unknown possibilities of tomorrow through our customised leadership programmes conducted by RHT Human Capital Institute.
The Singapore Red Cross - RHT Rajan Menon Foundation Charity Golf 2016 held on 4 October 2016 at Orchid Country Club raised close to S$170,000 in support of the Singapore Red Cross (SRC) local humanitarian services. Dr Amy Khor was the Guest-of-Honour and the event was attended by more than 100 clients and industry leaders.
Prior to the event, the team from RHT Rajan Menon Foundation (RHT RMF) volunteered our time at the Red Cross Home for the Disabled where we had meaningful interactions with the residents. The Home is one out of four Homes in Singapore catering to the severely disabled.
Funds raised will go towards SRC’s local initiatives listed below:
• Red Cross Home for the Disabled
• Community-Led Action for Resilience (C.L.A.R.E.)
SRC and RHT RMF are grateful for the support from our donors and sponsors.