The Monetary Authority of Singapore has tasked the Corporate Governance Advisory Committee (CGAC) with reviewing the Code of Corporate Governance, aiming to build on established governance and disclosure practices among listed companies and to complement the work of the Equities Market Review Group. The review will involve consultation and engagement with industry stakeholders and will be supported by two sub-committees. One will consider measures to facilitate more meaningful implementation of the Code, including additional guidance and practical examples tailored to companies’ operating contexts such as size and industry. The other will consider new Code provisions or guidance on corporate culture, board effectiveness, and risk management in emerging areas such as artificial intelligence. The CGAC is in its third term and is chaired by Mr Bob Tan, with Mr Robert Yap and Ms Stefanie Yuen-Thio leading the two sub-committees; additional industry practitioners will participate and focus group discussions will be used to gather feedback. The CGAC will develop recommendations from its review and stakeholder input for potential updates to the corporate governance framework and related guidance.
Monetary Authority of Singapore 2025-05-29
Monetary Authority of Singapore launches Corporate Governance Advisory Committee review of the Code of Corporate Governance
The Monetary Authority of Singapore has tasked the Corporate Governance Advisory Committee (CGAC) with reviewing the Code of Corporate Governance to enhance practices among listed companies. The review will involve industry consultation and focus on meaningful implementation, corporate culture, board effectiveness, and risk management in areas like artificial intelligence. Recommendations will be developed for potential updates to the corporate governance framework.