MAS forms council to toughen corporate governance code

Monetary Authority of Singapore has been responsible for overseeing the code since 2007

The Monetary Authority of Singapore (MAS) has formed a council to draw up amendments to the city state's code of corporate governance.

The code covers matters relating to board composition and appointment processes, remuneration, audit and accountability, and communication with shareholders.

In a statement, the authority said the code, originally written in 2001, was last revised in 2012 to strengthen board independence and make remuneration more transparent. Global corporate governance

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