Singapore MAS Corporate Governance Advisory Committee (CGAC) to Review Code of Corporate Governance to Build on Good Practices in Corporate Governance & Disclosures of Listed Companies and Complement Work of Equities Market Review Group
2nd June | Hong Kong
The Monetary Authority of Singapore (MAS) has announced the Corporate Governance Advisory Committee (CGAC) will review the Code of Corporate Governance to build on good practices in corporate governance & disclosures of listed companies, and to complement work of Equities Market Review Group. Announcement (29/5/25): “The Monetary Authority of Singapore (MAS) announced today that the Corporate Governance Advisory Committee (CGAC) will undertake a review of the Code of Corporate Governance (CG Code). The review seeks 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, with the support of two Sub-Committees: 1) The first Sub-Committee will consider measures to facilitate more meaningful implementation of the CG Code. This includes providing 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. 2) The second Sub-committee will consider new CG Code provisions or guidance on corporate culture, board effectiveness, and risk management in emerging areas, such as artificial intelligence. These enhancements aim to strengthen boards’ capacities to steer companies through today’s rapidly evolving landscape, while continuing to uphold long-term shareholder value … … The CGAC, which is into its third term, is chaired by Mr Bob Tan, Chairman of Jurong Engineering Limited. The list of current CGAC members is provided in Annex A. Mr Robert Yap, Executive Chairman of Swan & Maclaren Group, and Ms Stefanie Yuen-Thio, Joint Managing Partner of TSMP Law Corporation, will lead each Sub-Committee respectively … … MAS also expresses its appreciation to Mr Bobby Chin, Director of Temasek Holdings, who served as the CGAC Chairman for its first two terms, and to all past CGAC members whose expertise and valuable contributions have established a strong foundation for the Committee’s next phase of work. The list of members who served in the previous term is in Annex B.”
“ Singapore MAS Corporate Governance Advisory Committee (CGAC) to Review Code of Corporate Governance to Build on Good Practices in Corporate Governance & Disclosures of Listed Companies and Complement Work of Equities Market Review Group “
Notes:
- Alongside some members of the CGAC, industry practitioners with expertise in the priority areas of the review have been invited to join the Sub-Committees to incorporate diverse industry perspectives. The Sub-Committees will also conduct focus group discussions to gather feedback on the proposed areas of review.
- MAS established the CGAC in 2019 as a permanent, industry-led body to advocate good corporate governance practices among listed companies in Singapore. Under its Terms of Reference, the CGAC’s role includes identifying current and potential risks to the quality of corporate governance in Singapore, and monitoring international trends. The CGAC is also tasked with revising the Practice Guidance to clarify the Code from time to time, and recommending updates to the Code. The CGAC does not carry regulatory or enforcement powers, nor does it provide opinions on ongoing cases and investigations.
- Since the last major review of the CG Code in 2018, the CGAC has recommended progressive enhancements to the corporate governance framework, particularly in the areas of director independence and remuneration disclosures.
- For more information on the CGAC and its work, please visit www.cgac.sg
Singapore MAS Corporate Governance Advisory Committee (CGAC) to Review Code of Corporate Governance to Build on Good Practices in Corporate Governance & Disclosures of Listed Companies and Complement Work of Equities Market Review Group
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2025 Investment Day
- March - Hong Kong
- March - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
