Despite improvements in Singapore’s corporate governance, stakeholder engagement remains a concern, according to the country’s latest governance and transparency index.
Singapore. Photo: akarapong, Shutterstock
Singaporean publicly listed firms have improved their corporate governance strategies and practices in the past few years, according to the recently released Singapore Corporate Governance and Transparency Index (SGTI).
But the report highlights that there are still major issues regarding disclosing stakeholder engagement, and the lack of it in general.
The index ranked 631 Singapore-listed companies based on 2015 annual reports, as well as other publicly available information released by 31 December 2015. The companies scored an average of 49.7 points this year, compared with 47.6 points last year, barely showing any improvement.
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