Corporate governance code for listed companies to be revised; public feedback sought

SINGAPORE (Jan 16): The Corporate Governance Council is calling for public feedback on a simplified set of recommendations on how listed companies here can practise good corporate governance.

The Council, which was formed last February, wants the Code of Corporate Governance to be more user friendly for company boards to adhere to. For one, the total word count of the Code will be halved and number of principles and provisions will see a net reduction.

The Code comes under the purview of the Monetary Authority of Singapore, the over-arching regulator for the financial industry. Chew Choon Seng, chairman of the Council, noted that the last review of the Code was done back in 2012.

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