Singapore Stewardship Code expected to be launched by year-end
Code typically lays out how investors should use their powers as shareholders
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AN INDUSTRY working group could launch Singapore's first Stewardship Code by the end of the year, laying out how investors should use their powers as shareholders, according to Hans-Christoph Hirt, co-head of Hermes Equity Ownership Services.
"So-called stewardship codes for institutional investors have been adopted in many markets around the world, including Japan, Malaysia, Hong Kong and Taiwan," he said via e-mail. "We have contributed to the development of stewardship principles for investors in Singapore. They are due to be launched later this year."
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