Corporate governance study: Singapore firms can do better

The Singapore report showed that while firms did mildly better in the areas of shareholder rights, the equitable treatment of shareholders and the role of stakeholders, they fared worse when it came to disclosure and transparency, and board responsib
The Singapore report showed that while firms did mildly better in the areas of shareholder rights, the equitable treatment of shareholders and the role of stakeholders, they fared worse when it came to disclosure and transparency, and board responsibilities. Also, six in 10 companies did not have any women directors, while three in 10 have just one.ST FILE PHOTO

Diversity practices, widening gap in standards between large firms and the rest are areas of concern

Singapore firms still have some way to go when it comes to good corporate governance practices, especially in the area of diversity.

A scorecard out yesterday showed that the development of corporate governance practices here has essentially flatlined while the gap in standards between the large firms and the rest keeps widening.

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A version of this article appeared in the print edition of The Straits Times on April 04, 2018, with the headline 'Corporate governance study: S'pore firms can do better'. Print Edition | Subscribe