Reits, trusts improve governance, but some lapses draw regulator’s ire

The third edition of the Governance Index for Trusts (GIFT) authored by Assoc Prof Mak Yuen Teen from the Dept of Accounting at NUS Business School and active investor Chew Yi Hong, released on 1 Aug 2019, showed that Singapore’s listed real estate investment trusts and business trusts have continued to better their performance in managing governance and business risks. GIFT 2019 indicated that the average combined governance and business risk score of the 46 listed trusts assessed has increased from 62.2 in 2017, to 65.6 in 2018, and to 68.0 this year.