We believe that good corporate governance is not just the Board’s responsibility. As the foundation for long-term value creation, it is also the responsibility of management as well as staff at every level of the organisation. This is supported by an enterprise-wide risk management framework and backed by a strong Code of Business Conduct and Ethics.
We comply with the legal and regulatory requirements wherever we operate, and our management systems are aligned to international frameworks and standards. ST Engineering’s corporate governance processes, practices and activities are set out in the 2020 Annual Report with specific reference to the guidelines of the Singapore Code of Corporate Governance 2018.
Learn more about Ethical Business and Regulatory Compliance.
The Group deploys the Enterprise Risk Management Framework (Framework) to identify the key risks that may impede the achievement of its business goals in the short, medium and long term. It sets out a consistent definition of risk and risk tolerance limits to ensure that business units have a common understanding when identifying and assessing risks. Besides business risks, the Framework also analyses the financial and non-financial impact of risks arising from sustainability areas of environmental, social and governance.