Singapore shapes up for governance code changes

Singapore’s plan to review its corporate governance code reflects a growing focus on best practice on disclosure in Asia and may herald a wave of similar moves in the region, says David Smith, Asia head of corporate governance at Aberdeen Asset Management. It is also timely, he noted, as there are areas where investors want to see more transparency among listed companies – namely, around the ‘comply-or-explain’ regime and the appointment of independent directors. Indeed, a KPMG su…