Multi-industry firms tops in governance
COMPANIES in the finance, transport and telecommunication sectors are among the best governed and most transparent in Singapore, according to a new publication released yesterday on the annual Governance and Transparency Index (GTI).
"Corporate Governance Highlights 2013" builds on the detailed GTI 2013 rankings unveiled on Aug 1. The publication and the GTI are prepared by the NUS Business School's Centre for Governance, Institutions and Organisations (CGIO), in partnership with CPA Australia and The Business Times.
According to the publication, companies classified as "multi-industry" were the best scorers, overall. A strong second were companies from the finance sector - most likely because of the stringent governance standards banks and financial institutions have to adhere to. Transport, storage and communication companies were a very close third.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Google to pay up to US$6 million to News Corp for new AI content, The Information reports
Restaurant Brands tops estimates as Burger King overhaul pays off
Yen falls after suspected intervention on Monday; eyes on Fed
US: Wall St opens lower on labour costs data
TikTok shop tops 500,000 US sellers after 2023 e-commerce launch
Parkway Life Reit Q1 DPU up 4% to S$0.0379