Singapore Stewardship Code expected to be launched by year-end
Code typically lays out how investors should use their powers as shareholders
Add BT as a preferred sourceSingapore
AN INDUSTRY working group could launch Singapore's first Stewardship Code by the end of the year, laying out how investors should use their powers as shareholders, according to Hans-Christoph Hirt, co-head of Hermes Equity Ownership Services.
"So-called stewardship codes for institutional investors have been adopted in many markets around the world, including Japan, Malaysia, Hong Kong and Taiwan," he said via e-mail. "We have contributed to the development of stewardship principles for investors in Singapore. They are due to be launched later this year."
TRENDING NOW
Think twice about rebuilding that old landed property into a super-big house to max out GFA
SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares
Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein
Battle for Asia’s ultra-rich: ‘Singapore can’t afford to keep losing clients to Dubai, Hong Kong’
