Suchergebnisse

The purpose of this Article is to examine the corporate governance of state-owned enterprises (SOEs) in the Asian context by empirically surveying the influence of Temasek Holdings, Singapore's sovereign wealth fund, on its portfolio of government-linked companies in Singapore. Overall, the Temasek model seems to be a promising one. This Article shows that the top listed government-linked companies in which Temasek has a stake have greater board independence than the other top listed companies in Singapore. This illustrates that a high quality of corporate governance could be aligned with public interests associated with SOEs. While this research offers hope for SOE reformers in China, the Article also argues that the need for strong public governance, the role of foreign activities and market forces, and the importance of a government's desire to serve as a market leader are all underlying factors that make Temasek what it is today. Unfortunately, in the absence of those institutional factors, transplant of the Temasek model to other countries is unlikely to be entirely successful.

This article presents an empirical study of the development of Singapore's insurance contract law in relation to English law. The gene of Singapore's insurance law is very English. The empirical data show a lack of momentum in driving insurance law forward by case law. This may justify further legislative reform to address not only the known doctrinal issues inherited from English law but also the specific problems facing consumer insurance. Singapore's competitiveness in the global insurance market will be an instrumental factor to determine how far Singapore continues to follow English law in the future.

This article focus on the genetically modified food and labelling requirement. The relatively new technology raises some concerns over the safety of food containing genetically modified substance. The "substantial equivalent" doctrine, adopted by the U.S., and the "precautionary" doctrine, taken by the EU, represent two contradictory approaches to reconcile new biotechnology and consumer protection, a difference influenced by politics or food industry rather than by consumer attitudes. In this article, we argue that consumers cannot make their own choices and exercise market power without a certain degree of disclosure of information. However, even though food labelling is an effective way to convey information, it is by no means a perfect solution. This article will consider several ways to label genetically modified food and the costs or benefits so as to illustrate the best way to disclose information to consumers by way of labelling.