Singapore firms fare well in regional study of corporate governance

Singaporean companies have fared well in a regional study of corporate governance, with four companies making the top 10.

The four companies were not named when the interim findings came out yesterday but will be disclosed when the full study is out at the end of the year.

The study, called the Asean Corporate Governance Scorecard looks at how listed firms in Singapore, Indonesia, Malaysia, Philippines, Thailand and Vietnam deal with issues such as shareholder rights, disclosure and transparency. Its initial findings also show that Singapore companies occupy 19 of the top 50 positions.

A Singapore country report placed Singapore Press Holdings in the top five, alongside DBS Group, OCBC, Singapore Exchange and SingTel.

They each scored 70 per cent or more out of the 142-point scoring system.

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