Corporate Governance & CSR Report – Singapore Company

Corporate Governance & Corporate Social Responsibility (CSR) 

Select a public listed company operating in Singapore which you are familiar with. Assume you are engaged by the selected company as an external consultant specialising in corporate governance and corporate social responsibility, you are required to provide advice to its board of directors.

You need to prepare a report addressing the following questions.

Question 1

Question 1a

Examine and discuss any TWO (2) strengths and ONE (1) weakness of the selected company’s corporate governance with regard to its latest board composition, referring to the Singapore Code and relevant guidelines.

Explain with relevant examples.

How can the identified weakness be improved?

Recommend TWO (2) solutions to address the weakness. Your recommendations should be supported by relevant justifications and examples.

(30 marks)

Question 1b

Assess ONE (1) strength and ONE (1) weakness of the selected company’s corporate governance with regard to the membership and the role of its latest Remuneration Committee. Does it comply with the Singapore Code? Provide relevant examples. Explain whether the selected company’s disclosure on remuneration of its executives and directors complies with the Singapore Code.

Question 2

Question 2a

SilverAI company (“SilverAI”) is a healthcare provider headquartered in HAHA Kingdom. It has recently faced employment relations issues, such as high staff turnover, low employee morale, complaints of long working hours without overtime pay, limited opportunities for career progression, etc.

How can corporate social responsibility (CSR) help it improve its social sustainability?

Design one (1) relevant CSR initiative. Support your arguments with relevant examples.

(20 marks)

Question 2b

Identify and evaluate, with relevant examples, TWO (2) main risks SilverAI may encounter if it plans to expand into ASEAN countries, in light of global economic uncertainty, rising protectionism, and geopolitical tensions.

In your answer, identify the types of risks associated with such overseas operations and advise the CEO of SilverAI on how such risks can be mitigated.

Corporate Governance Answers: Expert Answers on CG and CSR Questions Above

Board composition
Strength: Main strength point includes the diversity in the board members which comprises independent female and experienced directors, and there is clear specification of the roles of chairman and CEO in accordance with the Singapore code.
Weakness: The weakness is mainly in the form of lower number of independent directors in the board which increases the risk of groupthink.
The improvements possible are to increase the number of independent non-executive directors and specify the tenure of service with the objective of enhancing board’s independence.
Remuneration committee
The strength of the remuneration committee is the clearly defined performance linked metrics for payment whereas the weakness is limited transparency in terms of remuneration packages. In terms of compliance, it complies with the Singapore code, but disclosure requires further transparency.
CSR for SilverAI
The CSR value includes the adoption of practices such as fair labour pay and address the issue of staff turnover. The initiative that can be considered include launching employee wellness and development programs to reward employees fairly and provide flexible working hours. The benefit would be improved retention, better employee morale, improved productivity and ultimately better organisational performance.
Risks in ASEAN Expansion
The major risks are mainly in the form of regulatory risk such as protectionist  policy and operational risk in terms of labour shortages and rising cost. The regulatory risk can be addressed by partnering with local firms whereas operational risk by way of diversifying operation and investing in local workforce development.

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