Revised corporate governance code principle-based

IN August 2018, the Monetary Authority of Singapore issued the revised Code of Corporate Governance (the Code) for companies listed on the Singapore Exchange (SGX). This 2018 version of the Code supersedes earlier versions and will apply to annual reports issued for financial years commencing Jan 1, 2019.

The current edition is a result of an 18-month process. Despite the introduction of new principles and provisions in the 2018 Code, there is an almost 50 per cent reduction in the page count from earlier versions, which most practitioners would welcome.

Strengthening fundamentals