14
December
2022
|
17:02
Asia/Singapore

Outstanding scores for Singapore business entities in latest ASEAN Corporate Governance Scorecard

NUS Business ASEAN Corp Governance
NUS Business ASEAN Corp Governance
From left: Mr Derek Koh, Chief Financial Officer, ComfortDelGro Group; Professor Lawrence Loh, Director, Centre for Governance and Sustainability at NUS Business School; Mr John Lim, lead member in the domestic ranking body for Singapore and Past Chair, Singapore Institute of Directors; Mr Tong Yew Heng, CEO, Netlink NBN Trust; Mr Chan Kok Seong, Chief Risk Officer, UOB.

Singapore publicly-listed business entities performed significantly better in their corporate governance practices despite the disruption caused by the global pandemic.

In the latest 2021 edition of the ASEAN Corporate Governance Scorecard (ACGS), 62 out of Singapore’s top 100 business entities scored at least 75 per cent out of 130 points. Top scorers for Singapore include Netlink NBN Trust, United Overseas Bank and ComfortDelGro.

The biennial ACGS is part of an initiative under the ASEAN Capital Markets Forum, a high-level grouping of capital market regulators. The Monetary Authority of Singapore has appointed the National University of Singapore (NUS) Business School’s Centre for Governance and Sustainability (CGS) and Singapore Institute of Directors (SID) as Singapore’s domestic ranking body for the ASEAN Corporate Governance Initiative since 2013.

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