Corporate Governance

Corporate Governance

The code of corporate governance has been issued by the corporate governance council applies to listed companies only in Singapore.
The code of corporate Governance was first issued in 2001 and after several revisions, the monetary Authority of Singapore released the latest version of the code in May 2012. Notably, the new Code introduced changes concerning director independence, board composition, multiple directorship, alternate directorship, remuneration practices and disclosures and risk management as well as share-holder rights and roles. While adopting the Code is not mandatory, listed companies are required by the SGX to disclose their corporate governance practices and give explanations for deviations from the Code in their annual reports.