Central banker concedes governance in the state is ready for review and in need of better disclosures on remuneration and diversity.
A senior member of Singapore's central bank has said that the city-state's corporate governance is ripe for review.
According to The Business Times, Ong Chong Tee, deputy managing director of the Monetary Authority of Singapore, said that disclosure of remuneration policies needed improving along with the link between remuneration and performance.
He said more clarity was also needed on diversity policies.
Ong was speaking at the Singapore Corporate Governance week, an event organise by the Securities Investors Association
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