Reactions to the council's proposals

ON Tuesday, the Corporate Governance Council suggested a slew of changes to the Corporate Governance Code to encourage board renewal and diversity as well as strengthen director independence.

The key recommendations included the lowering of the shareholding threshold to determine a director's independence to 5 per cent, from 10 per cent; limiting the tenure for an independent director (ID) to nine years, and possibly subjecting the re-appointment of IDs who have served more than nine years to an annual vote by all shareholders.

Here are some reactions: