Hong Kong Beats Singapore in Corporate Governance Survey

by Siddharth Philip for Bloomberg

Corporate governance in Singapore deteriorated in the past two years amid slowing reforms on the subject, dipping below the perceived strength of Hong Kong for the first time since 2007, according to a survey.

Hong Kong scored the highest in Asia Pacific this year with 65, followed by Singapore’s 64, though both were tied for first in the rankings because of the minimal difference in the results, according to a joint report by CLSA Ltd. and the Asian Corporate Governance Association. Japan passed Thailand for third, while the Philippines and Indonesia ranked last. Read more here.

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