Today, ownership of firms is increasingly fragmented. Investment structures are more and more complex, and the time horizons of investors, executives and owners do not always coincide. In a demanding business environment, indeed, stewardship matters. Recognising its growing importance, 180 business leaders from 124 companies across 13 countries gathered at the St. Regis Singapore a few months ago to discuss what stewardship means for their organisations. Participants shared their perspectives about how stewardship reinforces their organisations, and enables them to thrive and grow for the long term, while enhancing the wealth of the stakeholders and the well-being of the societies in which they operate. Notable speakers at the Forum included Mr. Masamoto Yashiro, Former Chairman, Shinsei Bank, Mr. Li Rongrong, Former Chairman, SASAC & Vice Chairman, China Center for International Economic Exchanges (CCIEE) and Mr Ng Kok Song, Chairman, Avanda Investment Management & Former Chief Investment Officer, GIC.
Mr. Ong Boon Hwee, CEO of Stewardship Asia Centre, highlighted the critical nature of stewardship and the fact that "stewardship matters" when he emphasised that "the only way sound stewardship can be promoted in companies across Asia, is through the collaboration of like-minded partners in the region." To find out more about the Stewardship Asia Roundtable and Forum, please click here.
Stewardship Asia, a member of Temasek Management Services, aims to foster effective stewardship and governance amongst businesses and leaders. Based in Singapore, it is a thought-leadership centre that collaborates with credible partners globally on capacity-building amongst organisations and business leaders in Asia. The Centre works with state-owned enterprises, corporations, family businesses, institutional investors as well as non-profit organisations. Stewardship Asia will hold its next flagship event on August 17, 2016 in Singapore. For more information, please email Stewardship Asia Centre.
The concept of stewardship has its roots in and resonates well with many systems of ethics around the world. The Bible, the Torah, the Qur'an, the Hindu Vedas and the Buddhist scriptures all refer to some notions of stewardship, with connotations of the importance of managing or looking after things that are entrusted.