Southeast Asian VCs move to set startup governance standards

Guidelines aim to reduce likelihood of scandals and help firms prepare for exits

20250417 Financial District SG

Singapore's financial district. The city-state has not been immune from the high-profile scandals that have bedeviled Southeast Asia's startup scene. © Reuters

ISMI DAMAYANTI

JAKARTA -- Southeast Asia's venture capital associations have released guidelines to set regional governance benchmarks for startups as they begin to address rising concerns of poor professionalism in the tech industry.

The collaboration of leading private capital groups from Singapore, Indonesia, Thailand, Vietnam and Malaysia has resulted in the launch of a document titled Maturation Map: Corporate Governance in Southeast Asia Private Markets.

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