Corporate governance principles

Asian Roundtable on Corporate Governance, 27-28 June 2007 - Singapore


“Ten years since the Asian Financial Crisis –

where are we heading with corporate governance?”


The Asian Corporate Governance Roundtable took place at the Regent Hotel, in Singapore, on 27-28 June 2007. The meeting was organised by the OECD and co-hosted by the Singapore Exchange Limited and Singapore Institute of Directors in partnership with the Government of Japan. 

The discussion among senior officials, business leaders and scholars from Asia and OECD countries addressed the following themes:

  • Showcase session on ten years since the Asian financial crisis – where we are in corporate governance today;
  • Current reforms in Singapore; 
  • Moving away from box-ticking : OECD Methodology on Assessing Implementation with the OECD Principles on Corporate Governance;
  • Shareholder activism and proxy voting
  • Related party transactions






, Deputy Director, OECD


Ten years since the Asian financial crisis – where we are in corporate governance today ?


Singapore Declaration by the Asian Roundtable on Corporate Governance 


Mr. Jisoo LEE, Analyst, Center for Good Corporate Governance (CGCG), Korea. Presentation of
2007 Overview of Corporate Governance Frameworks in Asia


Current reforms in Singapore


Section A: Corporate Governance in Singapore – An Overview


Speaker: Ms. YEO Lian Sim, Head of Regulation and Risk Management,

Singapore Exchange


Section B:


1.  Presentation on Directors’ Nomination and Remuneration

Speaker: Mr. WONG Meng Meng, Independent Director of UOB, Singapore

2.  Presentation on the Independent Director’s Role in Practical Terms

Speaker: Mr. Kevin KWOK, Partner and Head of Assurance & Advisory Business Services, Ernst & Young Singapore


Moving away from box-ticking - the OECD Methodology for Assessing Implementation of the OECD Principles on Corporate Governance


Chair: Ms Susan BAKER, Financial Attaché for Southeast Asia, U.S.

Department of the Treasury, The United States


Speaker: Mr. Grant KIRKPATRICK, Senior Economist, Corporate Affairs Division, OECD

Presentation Handout


Case study – Experience from Thailand: Ms Nataya NIYAMANUSORN, Director, Corporate Governance Department, Securities and Exchange Commission and Dr. Roy KOUWENBERG, Chair of the Ph.D. and Finance Program, Assistant Professor, Mahidol University, College of Management, Thailand.



Mr. Pawan KUMAR, Director, Ministry of Company Affairs, India


Shareholder activism and proxy voting


Speaker: Prof. Kyung Suh PARK, Professor of Finance, Associate Director, Asian Institute of Corporate Governance, Business School, Korea University presentation on “CG Fund Activities and Firm Value”


Related party transactions – Break out sessions


Speaker: Presentation by Dr.Stephen (Yan-Leung) CHEUNG, Chair, Professor of Finance, Department of Economics and Finance, Hong Kong China on “How does the grabbing hand grab? Tunneling assets from Chinese listed companies to the state.”


Concluding remarks Ms. HSIEH Fu Hua by Chief Executive Officer, Singapore Exchange


Synthesis Note


General information on the OECD Regional Roundtables