Singapore companies lag Malaysian and Thai peers on integrity disclosures: study

Singapore

SINGAPORE'S largest listed companies are lagging behind their peers in Malaysia and Thailand when it comes to disclosures of business integrity practices, a study has found.

The study scored the 50 largest companies, according to market capitalisation as at end-March, listed on each of the stock exchanges of Indonesia, Malaysia, the Philippines, Singapore and Thailand. The companies were assessed on matters such as whether leadership showed support for anti-corruption drives, whether an anti-corruption training programme was in place, and whether there was a policy explicitly prohibiting facilitation payments.