Honesty, humility and trustworthiness are important factors that can affect business success, according to Frasers Centrepoint chief executive Lim Ee Seng last night.
Mr Lim's views will carry extra weight, given that he clinched the gold award for best chief executive of a company with a market capitalisation of at least $1 billion.
Mr Lim, 65, told The Straits Times on the sidelines of the Singapore Corporate Awards 2016 at Resorts World Convention Centre that capability, strategy and luck are critical as well.
"There are many factors affecting strategy, so there is luck that affects you, that can work in your favour. You don't have absolute control but you must be able to minimise risk," he added.
"As a CEO, there is a heavy responsibility as far as shareholders, staff and the public are concerned, particularly for listed companies, as you need to have tangible results which the company can achieve, adding value to not just shareholders, but also contributing to the public, to industry and to the environment for us in the real estate industry."
The key challenge he has faced in his 40 years in the real estate business is the cyclical nature of the sector. "Whatever goes up must come down; whatever goes down must come up. More importantly, you need to have faith in the country in which you are investing in," he said.
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