Independent directors in Singapore: Puzzling compliance requiring explanation

• Main Authors: PUCHNIAK, Dan W., LAN, Luh Luh
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2017
• Subjects: corporate governance; ownership; family; Asian Studies; Business Organizations Law
• Online Access: https://ink.library.smu.edu.sg/sol_research/3941; https://ink.library.smu.edu.sg/context/sol_research/article/5899/viewcontent/avx023.pdf
• Institution: Singapore Management University

At first blush, the rise of independent directors in Singapore provides a straightforward example of a successful legal transplant from the West to Asia. In 2001, Singapore implemented a U.K.-inspired Code of Corporate Governance, which required the adoption of American-style independent directors o...