Sunday, February 22, 2009

Monetary Authority and SGX to Oversee Corporate Governance

Singapore; Oversight of corporate governance of listed companies will be transferred from the Council of Corporate Disclosure and Governance (CCDG) to the Monetary Authority of Singapore (MAS) and the Singapore Exchange Ltd (SGX), effective 1 September 2007

The transfer of regulatory oversight is intended to clarify and streamline listed companies' responsibilities in the field of corporate governance. This approach is consistent with that taken in other sectors, in which the regulator takes responsibility for governance issues.

SGX will continue to work with other stakeholders to raise governance standards for listed companies.

Source: http:llinfo.syx.comlwebnewscentre.nsfl b9c790dOd5bo5d2548256dcf0049ce28/ 48256838002fO7b1482572ea0044e0a6?OpenDocument
Asian Casualty Report 10th Edition June 2008 – Gen Re

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