Firms should go beyond legal compliance to raise corporate governance bar: SIAS

by Dylan Loh for Channel NewsAsia

SINGAPORE: Mere legal compliance is not enough if corporate governance standards in the country are to be raised, said the Securities Investors Association of Singapore (SIAS) on Monday (Oct 27).

Speaking at the Singapore Corporate Governance Week’s opening, SIAS Chairman Lim Hwee Hua noted an Asian Development Bank report that highlighted areas local firms can do better in.

For one, it pointed out that Singapore companies can further improve the level of disclosure in Annual General Meeting materials. This applied to more comprehensive documentation of proceedings to better communicate with shareholders as well. Read more here.