SINGAPORE – Singapore-listed companies can do better in evaluating their boards, having better board diversity and providing reliable financial reports and disclosures.
These will help to shore up trust among investors and shareholders, said Monetary Authority of Singapore (MAS) managing director Ravi Menon on Monday.
This comes even as companies here have improved in their corporate governance performance, with big companies scoring an average of 69.5 per cent in 2023, according to a report by the National University of Singapore Centre for Governance and Sustainability. This is an improvement over the 65.7 per cent in 2022.
Big companies are those with market capitalisation of $1 billion and above as of Dec 31, 2022.
Mr Menon was speaking at the launch of Corporate Governance Week 2023 by the Securities Investors Association (Singapore), or Sias, at Parkroyal Marina Bay….
