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SGX RegCo to require remuneration disclosure for directors and CEOs, tenure limit for IDs

SINGAPORE Exchange Regulation (SGX RegCo) is planning to make companies disclose exactly how much they pay chief executive officers (CEOs) and directors.

The frontline regulator also said in a statement on Tuesday (Sep 13) that it intends to limit the service of independent directors (IDs), building upon earlier rules that required long-serving IDs to be subject to 2-tier voting.

The proposed changes - which will be detailed in upcoming consultations - are aimed at raising corporate governance standards of companies listed on the Singapore Exchange (SGX).

An independent review of listed companies' Code of Corporate Governance (CG Code) disclosures, by KPMG in Singapore, found that "improvement is...

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