Business and Money Tips

Brakes to Go Faster in Corporate Governance What allows a Ferrari to go fast? You may say: a powerful engine.  Of course. But would you dare to drive at 200 kilometres per hour if the car had no brakes ?  Probably not. In fact, the faster the car, the more important the brakes become. Good brakes don't make the car slower. Good brakes give you the confidence to go faster. And that is exactly how I see corporate governance . Many businesspeople think governance is there to slow them down. More rules, approvals, questions, paperwork. I see it differently. Corporate governance is the brakes that allow a business to go faster—safely. And when governance fails, even a powerful company can crash. Let me give you a Singapore example. Many of us remember Hyflux .  At one time, Hyflux was one of Singapore's great entrepreneurial success stories.   It grew from a small water-treatment business into an international company. Its founder, Olivia Lum, became o...