CGIO 12 April 2014

A Family Business Showcase

The Centre for Governance, Institutions & Organisations, or CGIO, played host to leading academics from around the world who were in Singapore to participate in the Family Business Conference.

Keynote speaker professor Ruth V.Aguilera from University of Illinois at Urbana-Champaign was among the scholars from the US, Europe, Canada, Australia and Asia who presented their research and participated in roundtable discussions on ownership, governance and networks in family firms.


Organised in partnership with the journal Corporate Governance: An International Review (CGIR), the conference served as a paper development workshop for CGIR’s special issue of “Cross-National Perspectives on Ownership and Governance in Family Firms.” CGIO worked closely with its peers from INSEAD and Family Business Network Asia to invite academic participation.

Critical issues were raised and addressed by the leading scholars who participated in the conference, for instance, the question of whether family firms perform better than non-family run counterparts, or put more emphasis on corporate social responsibility. “Firms owned and managed by family are prevalent around the world, including Singapore,” said Professor Chung Chi-Nien, one of the event organisers.  “Understanding these issues is important for regulators, academics, policy makers, investors, firm owners and managers all over the world,” he added.


At the conference, CGIO also launched the results of 2013 ASEAN Corporate Governance Scorecard, a survey ranking Singapore exchange-listed companies from Singapore, Indonesia, Malaysia, the Philippines, Thailand and Vietnam.  


Based on the corporate governance principles laid out by the Organisation for Economic Co-operation and Development (OECD), the survey conducted in partnership with Singapore Institute of Directors is a key initiative aimed at promoting the integration of ASEAN capital markets. “Such a collective effort by participating ASEAN countries helps to showcase and enhance the visibility as well as investability of well-governed ASEAN public-listed companies internationally,” said Ng Yao Loong, executive director (Markets Policy & Infrastructure) at the Monetary Authority of Singapore. “This initiative is also part of a broader ASEAN plan to achieve greater integration of the region’s capital market,” he added.

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