Responsible investment: Why Singapore opts for trust

A set of principles guiding institutional investors to be good stewards is being updated. One aspect is that the principles remain voluntary, preferring a trust-based approach. What are the pros and cons?

Institutional investors are encouraged to look beyond the balance sheet in holding company managers and directors to account in meeting their obligations. PHOTO: ST FILE
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An updated set of principles for institutional investors in Singapore will be launched at the end of this month, after an eight-week consultation process.

The Singapore Stewardship Principles for Responsible Investors (SSP) were introduced in 2016, and have been revised by a 10-member Steering Committee led by the Stewardship Asia Centre (SAC) - a non-profit organisation established by Temasek - and supported by the Monetary Authority of Singapore and Singapore Exchange.

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