From left: Temasek Holdings chairman Lim Boon Heng, DPM Heng Swee Keat, S Dhanabalan, chairman of Temasek Trustees Pte Ltd and member of the Council of Presidential Advisers, and Ho Ching, executive director and chief executive of Temasek Holdings at the Stewardship Asia event.TO BE good stewards of the future, businesses should invest in innovation, people and the community, said Deputy Prime Minister and Minister for Finance Heng Swee Keat on Tuesday.
And firms have"an integral and multiplier role to play" in doing good, by offering expertise and resources, and mobilising employees for corporate social responsibility initiatives. In his opening address, Temasek Holdings chairman and former labour movement chief Lim Boon Heng said that"the role of up-skilling and re-skilling is so much more important in an environment of rapid change", as leaving workers behind amid industry transformation"is not an option".
The panellists stressed the importance of long-term thinking for responsible stewardship, with Copenhagen Business School's Centre for Corporate Governance professor Steen Thomsen suggesting that this should be rooted in long-term ownership, for instance with family-owned firms.
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