The Role of a Non-Executive Director in SMEs

Author

Jiwei WANG, Singapore Management UniversityFollow

Publication Type

News Article

Publication Date

8-2012

Abstract

There are not many SMEs in Singapore which employ independent non-executive directors. SMU Associate Professor of Accounting Wang Jiwei advised that there are immense benefits that a non-executive director can bring to an SME as its business grows. These include the credibility that the person can bring to the management team, including the important and useful contacts, as well as different skill sets and experiences. “Understand your needs and then identify the right type of experienced individuals who possess the necessary expertise or business networks. There is a high possibility that your ‘perfect' non-executive director may be someone you already know,” he said.

Discipline

Accounting | Asian Studies | Entrepreneurial and Small Business Operations

Research Areas

Corporate Governance, Auditing and Risk Management

Publication

Business Times

ISSN

1733-8179

Publisher

Singapore Press Holdings

Citation

WANG, Jiwei. The Role of a Non-Executive Director in SMEs. (2012). Business Times.
Available at: https://ink.library.smu.edu.sg/soa_research/1043

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.