3 fabled tests for a better Code of Corporate Governance

IN a packed ballroom at Marina Mandarin Hotel on Jan 16, the event looked like a grand gathering of the who's who in Singapore's corporate governance community. The participants, mostly board directors, listened intently as the results of the corporate governance review were rolled out.

It is apt that the conveners of the event are key pillars of good governance in the business community - the Accounting and Corporate Regulatory Authority, Singapore Exchange, and Singapore Institute of Directors.

The reforms presented by the Corporate Governance Council, set up by the Monetary Authority of Singapore in February 2017, are refreshing, if not bold. At the he…