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Ascott Residence Trust retains corporate governance crown for Reits, business trusts

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Jude Chan

Jude Chan

Published Wed, Aug 3, 2022 · 11:00 AM
    • SID chair Wong Su-Yen noted that there was “growing awareness of the importance of good corporate governance” among Singapore-listed companies.
    • SID chair Wong Su-Yen noted that there was “growing awareness of the importance of good corporate governance” among Singapore-listed companies. PHOTO: ASCOTT RESIDENCE TRUST

    ASCOTT Residence Trust (ART), the largest hospitality real estate investment trust (Reit) in Asia-Pacific, has topped the ranking among Singapore-listed Reits and business trusts for best corporate governance practices for the second straight year.

    A stapled group comprising Ascott Real Estate Investment Trust and Ascott Business Trust, ART scored a total of 110.6 points for the 2022 edition of the Singapore Governance and Transparency Index.

    On top of corporate governance practices, the annual study – jointly conducted by CPA Australia, the National University of Singapore (NUS) Business School’s Centre for Governance and Sustainability (CGS) and the Singapore Institute of Directors (SID) – also evaluates Singapore-listed companies on the timeliness, accessibility and transparency of their financial disclosures.

    Corporate governanceESGS-Reits

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