Conflict of interest is a pervasive and complex issue that can compromise the integrity, accountability and performance of directors and companies. If not managed well, this may lead to corrupt practices that will expose the directors and their companies to legal, reputational and operational risks, as well as potential criminal charges.
In an article titled “Managing Conflict of Interest to Mitigate Corruption Risks”, Rajah & Tann Head of Corporate and Transactional Group, Abdul Jabbar and Regional Director, Knowledge Management, Soo Seong Theng, explain the law governing corruption and conflict of interest in Singapore through a case study. The authors highlight some pointers on how a company may more effectively detect and manage conflict-of-interest situations involving directors with a view to minimising the risks of corruption in the company. Please click here to read the article.
This article first appeared in the Q2 2024 issue of the SID Directors Bulletin published by the Singapore Institute of Directors (SID). To find out more about the SID Directors Bulletin, please click here.
