The Monetary Authority of Singapore announced on 29 May 2025 that the Corporate Governance Advisory Committee (“CGAC“) will review the Code of Corporate Governance (“CG Code“) to build on established good practices in corporate governance and disclosures among listed companies, and complement the ongoing work of the Equities Market Review Group.
The CGAC will consult and engage with industry stakeholders for its CG Code review in the following areas:
- Measures to facilitate more meaningful implementation of the CG Code, including to provide additional guidance and practical examples on implementing the CG Code provisions in a manner that is suited to companies’ operating contexts, such as their size and industry.
- Consider new CG Code provisions or guidance on corporate culture, board effectiveness, and risk management in emerging areas such as artificial intelligence. This is targeted at strengthening boards’ capacities to steer companies through today’s rapidly evolving landscape, while continuing to uphold long-term shareholder value.
If you have any queries on the above development, please reach out to our Contact Partners set out on this page.
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