Private Sector Corporate Governance and Singaporean Government Linked Corporations

SUMMARY

This article examines aspects of corporate governance in Singaporean public sector. Most government linked corporation in Singapore have performed well. In addition these corporations have been largely successful in combating corruption. Corruption has in recent years resulted in the collapse of some large private sector corporations such as Enron Energy and HIH Insurance. This paper suggests that large multinationals can benefit from governance strategies employed by the Singaporean public sector corporations. Although the principal-agent problem is often stated in the context of private sector corporate governance, this paper discusses the problem within the public sector.