37% of independent directors exceed 9-year tenures, steps needed to meet new listing rules: Report
By Tang See Kit
Channel NewsAsia, 3 October 2018
SINGAPORE: More than one-third of independent directors have been on the boards of companies listed in Singapore for over nine years, while a small minority of listed firms here do not have independent directors making up at least one-third of their board seats.
These were among the findings of a new report released on Wednesday (Oct 3) by the Singapore Institute of Directors (SID). Titled the 2018 Singapore Directorship Report, the biennial survey looks at the state of directorship and corporate governance by analysing 737 SGX-listed companies, business trusts and real estate investment trusts.
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