Keppel Corp tops ranking of transparent and well-governed companies
Published on Jul 24, 2014 12:46 PM
SINGAPORE - Keppel Corporation has topped an annual ranking of Singapore's best-governed and most transparent companies for the first time, narrowly pipping SingTel and SembCorp Industries.
The conglomerate fared well across several measures of the Governance and Transparency Index, which is jointly published by CPA Australia and NUS Business School's Centre for Governance, Institutions and Organisations.
For instance, Keppel revealed details on the process by which it appointed its new chief executive officer (CEO) - including the criteria for CEO succession - in its annual report.
"Singapore-listed companies are making positive strides in reinforcing the values of good corporate governance, risk management and transparency, which are at the core of financial infrastructure," said Associate Professor Themin Suwardy, Singapore Divisional President at CPA Australia, which has sponsored the study since its inception in 2009.
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