“Globalisation is putting the spotlight on evolving governance issues faced by subsidiary boards, resulting in even greater pressure on directors of such organisations”
Assoc Prof Themin Suwardy, Singapore Divisional President at CPA Australia
Companies establish subsidiary boards, for various reasons and these subsidiary boards may not be under the direct oversight of the parent company. As a result, there is often insufficient attention paid by the parent company board to the governance of these subsidiaries which can increase the risk to directors of both entities.
Join us for a lunchtime director briefing where where we examine global governance and the expectations on subsidiary board directors. In a piece of ground-breaking research, Chris Bennett of BPA Australiasia and Profession Mak Yuen Teen, have investigated the major corporate governance problems affecting both independent and executives on subsidiary boards.
They will provide an overview of their research from a study of 150 large listed companies in three countries, Singapore, Malaysia and Australia. They will be joined by a panel of directors who will also discuss the issues including the role of the independent director, the regulator, improved disclosure and how corporate governance failures can be avoided through a framework of measures in place to manage corporate governance of subsidiary boards.