Visiting Associate Professor (Practice) Bernard Lee thinks the fundamental causes of the global economic crisis have not been fully resolved. The basic problem is that a number of Western financial institutions are technically bankrupt without government support and the global financial system needs to be recapitalisd.
The Asian Shadow Financial Regulatory Committee (ASFRC) said Asia continues to face challenges in drawing qualified directors to sit on the board of financial institutions and companies. Part of this is because these firms may be either state or family-controlled. "If it's family-owned, then the family's value and culture somehow creeps into the corporation or institution. You have to be concerned about the influence of those family owners on the minority owners," said Associate Professor Jeremy Goh.
Mr Svein Gjedram, Governor of Norway's Central Bank was sharing the latest plans for Norwegian sovereign wealth fund Norges Bank Investment Management (NBIM), at a seminar at Singapore Management University yesterday.
SUBSCRIBE TO THE SKBI MAILING LIST*
Get updates on SKBI news and forthcoming events.
*Please note that upon providing your consent to receive marketing communications from SMU SKBI, you may withdraw your consent, at any point in time, by sending your request to skbi_enquiries [at] smu.edu.sg (subject: Withdrawal%20consent%20to%20receive%20marketing%20communications%20from%20SMU) . Upon receipt of your withdrawal request, you will cease receiving any marketing communications from SMU SKBI, within 30 (thirty) days of such a request.
