TSMP Law Corporation joint managing partner Stefanie Yuen Thio was quoted in a Lianhe Zaobao piece published 1 August 2020 on the increase in the number of profit guidance issued by listed companies over the past two years. She said that 2020 cannot be compared to any year in living memory. We have a global pandemic that has brought businesses to a halt. The extent of the pandemic and its effects of human activity are still largely unknown and at this stage, unknowable. That will account for a large number of the profit guidances. She also believes that better corporate governance and a more enlightened board of directors will also make directors and company executives more cautious and timely to maintain transparency. close monitoring and rapid queries posed by the SGX have contributed to educating companies on what is expected.