Boards face major shifts with new governance code
By PC Lee
Anita Gabriel, 4 October 2018
A RECENT scrutiny on the state of play in the board makeup of more than 700 listed companies in Singapore has thrown up some hits and misses.
On the one hand, promise lies in the growing number of independent directors (IDs), which can beef up the effectiveness of boards. There are numbers to back this up, courtesy of the Singapore Directorship Report 2018 produced by the Singapore Institute of Directors (SID), which was released on Wednesday.
On the other, the changes to the Code of Corporate Governance and the listing rules announced in early August could still prove a hard slog for companies seeking to ready themselves to comply with the requirements, said Ho Yew Kee of the Singapore Institute of Technology (SIT).
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