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Risk culture still lacking in Singapore companies

But study of more than 210 listed companies also shows risk management disclosures have improved in the last three years

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Mr Tan said the study is "a timely reminder that effective risk governance is not just structural, but also cultural", and that the board "needs to inculcate and embed a risk governance culture and values".

Singapore

RISK management disclosures by Singapore-listed companies have improved in the last three years. But, behavioural aspects - such as a company's risk culture - could do with greater attention in the near future.

These were the key takeaways from a new study published on

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