Code of Corporate Governance to undergo review

Stefanie Yuen Thio, one of the council members, said that if the SGX allows companies with dual class shares to list here, it will be important that the proportion of independent directors on the board, and the quality of their independence, both be ensured.

“Issues such as what qualifies as independence, what is the maximum tenure for each director, and a review of the ‘comply or disclose’ regime, would warrant reconsideration,” said the joint managing director of TSMP Law Corporation.

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