MAS head Menon outlines corporate governance challenges


Financial institutions need to go beyond rules set by the Monetary Authority of Singapore (MAS) to achieve high quality corporate governance, Ravi Menon,  managing director of the MAS said in a speech to the Securities Investors Association in Singaporeon on October 1.

Menon said rules alone could not assure high levels of governance. The MAS introduced a "comply or explain" code of corporate governance earlier in 2012, but Menon said some explanations in cases of non-compliance had been of limi

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