The Singapore Law Review (September 21, 2007)
Singapore’s model is based on both legislation and non-legislative regulations. The primary legislation dealing with corporate governance is the Companies Act. Singapore also has a wealth of case law dealing directly with corporate governance, as well as the stringent listing rules of the Singapore Stock Exchange (SGX).
However, a description of the local model is incomplete without the ‘Code of Corporate Governance 2005’. This code spells out guidelines pertaining to matters such as the composition and training of board of directors, disclosure/communication with shareholders, and accountability and audit.
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