MAS, SGX looking to get firms to make meaningful disclosures

Getting listed firms to make more meaningful disclosures is one way to raise the level of engagement between firms and investors.

Monetary Authority of Singapore managing director Ravi Menon said the central bank and the Singapore Exchange is studying how firms can make disclosures that provide more explanation of their practices.

He also said raising the competency of the boards of listed firms will be key to strengthening corporate governance.

Speaking at the 4th Asian Investors Corporate Governance Conference, he floated the idea of having a pool of full time directors. This could increase the number of qualified directors that firms can tap on, he said.