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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.

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