Mon, Sep 10, 2018 – 5:50 AM
ON Aug 6 2018, the Monetary Authority of Singapore released the revised Code of Corporate Governance and the Singapore Exchange will update its Listing Rules for consequential changes to the Code. In addition, a detailed set of Practice Guidance was introduced for voluntary adoption.
Collectively, these revisions represent a major, systematic reconfiguration of Singapore’s corporate governance regulations. Overall, the Code has been streamlined by reducing three principles and 31 provisions. The result is an 18-page revised Code (including the cover) compared to 33 pages of the previous 2012 version.
Certain guidelines in the 2012 Code have been moved to the Listing Rules for mandatory compliance, and a couple of new provisions have been added to the…
