Corporate governance

STEWARDSHIP MATTERS

Stewards of tomorrow: Leading Singapore beyond the 5Cs

The private sector will be the proving ground for a new ethos, where decisions are guided not only by profit but by responsibility to society

Sias' findings show that although overall governance scores have risen, smaller companies show less improvements than their bigger counterparts.

Raising governance standards of smaller firms for retail investors

This is also critical for small companies, for their long-term sustainability and for the health of Singapore’s broader capital market ecosystem

By building on existing information compiled for SGTI reporting, a Governance Leaders Index can be constructed with minimal additional reporting burden, says the writer.
THINKING ALOUD

Governance-based market indices are worth exploring

A Singapore Governance Leaders Index would reward transparency, responsibility and board quality while enabling meaningful distinction between firms

There remains 19.8% of listed companies that are still disclosing their directors’ remuneration in bands, a report by the Singapore Institute of Directors shows.

Disclosures of directors’ fees shot up after change in listing rules: SID report

The number of listcos with independent directors serving more than nine years has fallen to 3.2%

Ascent Bridge says that two directors had raised concerns regarding the purported lack of corporate governance practices and the purported lack of transparency / management’s lack of co-operation, but only after the board had asked for their resignations.

Directors at beverage distributor Ascent Bridge quit, citing governance lapses; board rejects claims

A requisition for an extraordinary general meeting to oust these directors has been withdrawn

A chairman who can effectively champion DBS' interests while winning friends, whether when working behind the scenes or under the public glare, could be invaluable.
HOCK LOCK SIEW

DBS needs a strong candidate to succeed chairman Peter Seah. Here’s why

With the incumbent chairman in the seat for more than 15 years, change could be imminent

US president Donald Trump has called for the Securities and Exchange Commission to drop rules that have been in place for decades that require most public US companies to disclose their financials once every three months.

Donald Trump tilts balance of power from investors to CEOs

His call to scrap quarterly reports comes as Securities and Exchange Commission mulls curbing shareholder lawsuits

Over-strict codes can drive relationships underground with even more explosive fallout. The board has a role, therefore, in applying common sense about the necessary action.

Memo to the CEO: Office romance is also the board’s business

Senior executives should disclose workplace relationships

Rather than marking a return to the old Nestle, fired CEO Laurent Freixe has created a crisis that the company's board is now trying to counter.

Nestle can’t risk playing it safe

After firing its CEO, the board is hoping an insider will bring stability. Too bad the company needs shaking up