vii Foreword T he Board’s leadership is crucial for the long-term success of the company. As its apex decision-making body, the Board oversees management in developing and implementing strategies that create value for all stakeholders, while ensuring conformance to the rules and regulations of the jurisdictions in which the company operates. This Board Guide is part of a series of Corporate Governance Guides for Boards and Board Committees in Singapore. It is produced by the Singapore Institute of Directors with the support of the Accounting and Corporate Regulatory Authority, the Monetary Authority of Singapore, and the Singapore Exchange Limited. The series comprise the following: • Resource Guide. • Board Guide. • Audit Committee Guide. • Board Risk Committee Guide. • Nominating Committee Guide. • Remuneration Committee Guide. • eGuide to the Code of Corporate Governance. Intended for Singapore-listed companies, these Guides set out best practices and the requirements of the Companies Act, the SGX-ST Listing Manual, and the Code of Corporate Governance. However, the principles and practical guidance that they provide can also apply to other organisations. This Board Guide has been developed with the support of PwC, together with a review panel of leading practitioners and professionals in corporate governance matters. We take this opportunity to thank all the individuals and organisations listed in the Acknowledgements for their time and invaluable contributions. Singapore Institute of Directors