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Corporate governance advocate Mak Yuen Teen launches new body to raise board standards

Kwan Wei Kevin Tan
Kwan Wei Kevin Tan • 3 min read
Corporate governance advocate Mak Yuen Teen launches new body to raise board standards
Mak Yuen Teen says his newly-launched GDInstitute will support directors in “exercising independence, accountability and sound judgement.” Photo: Pexels
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National University of Singapore (NUS) accounting professor and corporate governance advocate Mak Yuen Teen says he’s launching GDInstitute (GDI), an independent, non-profit focused on raising board and corporate governance standards in Singapore and Asia.

“In today’s interconnected environment, governance must go beyond compliance. GDI supports directors in exercising independence, accountability and sound judgement, while engaging meaningfully with shareholders and stakeholders,” says Mak, who was present at the launch event held at Four Seasons Singapore on Jan 26.

Mak is the chair of GDI’s board of directors, which comprises former Bursa Malaysia chair Shireen Muhiudeen, former deputy commissioner at Indonesia’s Financial Services Authority Etty Retno Wulandari, First Resources independent director Mary Yeo and Zafar Momin, an independent director at PETRONAS Chemicals Group and an adjunct professor at NUS Business School. Former Economic Development Board (EDB) chair Philip Yeo is an honorary advisor to GDI.

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