Regulators in Singapore will examine the quality of comply or explain statements, as well as proposals on monitoring.
Corporate governance in Singapore is to be reviewed.
An announcement from the state's financial regulator, the Monetary Authority of Singapore, said a special council would be set up to review the quality of comply or explain disclosures. Proposals are also expected on monitoring the progress of companies on governance improvements.
Chew Choon Seng, council chairman said: “We need to ensure that our CG Code remains relevant and progressive, and supports sustained business growth and innovation.
"The review of the CG Code will therefore take into account changes in our corporate landscape as well as international developments.
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