S'pore-listed firms may miss governance deadlines

Singapore

JUDGING from the current rate of progress, Singapore's listed companies may miss critical timelines in adhering to the country's Code of Corporate Governance, particularly in the area of board independence.

According to new analysis of data in this year's Governance and Transparency Index (GTI), Singapore-listed firms will take until 2020 to comply fully with board independence guidelines, even though companies are required to be aligned to the Code by the end of their 2017 financial year.