Risk culture still lacking in Singapore companies

But study of more than 210 listed companies also shows risk management disclosures have improved in the last three years

Michelle Quah

Published Tue, Nov 1, 2016 · 09:50 PM

risk management

Singapore

RISK management disclosures by Singapore-listed companies have improved in the last three years. But, behavioural aspects - such as a company's risk culture - could do with greater attention in the near future.

These were the key takeaways from a new study published on Tuesday by the Institute of Singapore Chartered Accountants (Isca) and KPMG in Singapore. The study, "Driving Value: Risk Transparency and Culture", is also supported by the Singapore Exchange (SGX).

The study looked at how risk management disclosures in annual reports have improved for a sample of 250 companies covered in a 2013 study.

Of the 250 companies sampled in 2013, only 219 were available for analysis in 2016; 31 companies have either sin…