ComfortDelGro announced on Wednesday (August 5) that all three of its listed companies, ComfortDelGro, SBS Transit and VICOM, have ranked in the top 20 spots in the Singapore Governance and Transparency Index (SGTI) for the first time.
ComfortDelGro climbed one spot from the 14th to the 13th spot with an overall score of 110, VICOM moved from number 17 to 16 with a score of 107, and SBS Transit leapt from the 40th spot to 17th this year, with an overall score of 106.
“This is a very significant milestone and one which we, as a Group, are very proud of. In fact, the current makeup of our Boards and Board Committees reflects our commitment to all aspects of governance and transparency,” says CDG Group Chairman Lim Jit Poh.
“All three Board and Board Committees comprise Directors who collectively provide an appropriate balance and diversity of skills, experience, gender, age, knowledge and core competencies which prevents groupthink and ensures that we, as a Group, continue to meet the challenges and demands of the major markets that we operate in,” he added.
The SGTI assesses listed companies on their corporate governance disclosure and practices, as well as the timeliness, accessibility and transparency of financial results announcements.
This year, SATS topped the General category after dethroning five-year leader Singtel, while CapitaLand Commercial Trust took top spot for the Real Estate Investment Trust (REIT) and Business Trust category.
See: SATS and CapitaLand Commercial Trust top index for governance and transparency in Singapore for 2020
