MAS must set right tone in CG committee set-up

IT IS perhaps fitting that, in a week that celebrates Singapore's nation-building, the city-state has also unveiled substantial changes to its corporate governance landscape - with Monday's release of the newly revised Code of Corporate Governance (Code) and consequential adjustments to the Singapore Exchange's Listing Rules (BT, Aug 7).

These changes to the landscape went further than merely specifying amendments to certain aspects of corporate governance, for example, in the hard-coding of a nine-year limit for independent directors serving on the same board.

They also set the tone and approach that Singapore intends to take with corporate governance, going forward.