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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?
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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
Rajeev Peshawaria
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.
