CORPORATE GOVERNANCE: WHAT IT IS AND WHY IT MATTERS?

May 29th, 2015
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What does the review of the Corporate Governance Code mean for Singapore companies? Joseph Alfred writes The CCDG (Council on Corporate Disclosure & Governance) has embarked on a review of the Corporate Governance Code ('the Code') for Singapore companies. The Code in force now was issued and accepted by the Government in 2001. The review is intended to introduce improvements to the Code, taking into account feedback received since the inception of the Code and international developments in corporate governance.

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Corporate governanceby Joseph Alfred03 Oct 2004Topic: Corporate governanceWhat does the review of the Corporate Governance Code mean for Singapore companies? Joseph Alfred writesThe CCDG (Council on Corporate Disclosure & Governance) has embarked on a review of the Corporate Governance Code ('the Code') for Singapore companies. The Code in force now was issued and accepted by the Government in 2001. The review is intended to introduce improvements to the Code, taking into account feedback received since the inception of the Code and international developments in corporate governance.The Code is currently non-mandatory and takes a 'comply or explain' approach. CCDG requires companies to state in their annual reports if they have complied with the Code, and, if not, to provide disclosures on these departures from the Code and explanations for these departures. General perceptionsWhat is good corporate governance in Singapore? The Corporate Governance and Directors and Officers Liability Survey of listed companies in Singapore, conducted by the CGFRC and published in April 2004, sheds some light. This survey was based on responses from 105 Singapore-incorporated companies listed on the Singapore Exchange (SGX).The respondents had a high regard for the standard of corporate governance in Singapore. Over half agreed that corporate governance standards in Singapore were comparable to those in the US and UK and was high compared to other Asian countries - except for

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