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Complying with 'comply or explain'

Companies need to realise that if they do not comply with the Code of Corporate Governance, they have to explain why they don't.

Published Sun, Feb 1, 2015 · 09:50 PM

SINGAPORE, like many of its Commonwealth counterparts, has adopted a Code of Corporate Governance based on a "comply or explain" model. This means companies must comply with the principles and guidelines contained in the Code, or explain the non-compliance.

Cynics have cited examples such as non-disclosure of director's remuneration on a named basis (only 31 per…

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