More independent directors, but board sizes shrinking in Singapore: SID report
Add BT as a preferred source
BOARDS in Singapore are appointing more independent directors, even as the average board size is shrinking, according to a report published by the Singapore Institute of Directors (SID) on Wednesday (Nov 3).
The 2021 Singapore Directorship Report found that the percentage of independent directors on boards has risen to 54.4 per cent. It marks an increase from 50.7 per cent in the previous report in 2018, and 47.5 per cent when the study was first conducted in 2014.
The report - which is in its fourth edition - highlights some of the emerging trends on listed boards, following revisions to the 2018 Code of Corporate Governance and codification of certain requirements in the listing rules.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Rare brutalist Singapore house opens to the public before changing hands
