MAS Reviews Singapore Governance Code to Address Diverse Corporate Needs

The Monetary Authority of Singapore (MAS) is reviewing the corporate governance code to create a more tailored framework addressing the needs of large-cap firms, family-controlled businesses, and others. Sub-committees under an advisory panel are examining provisions on board culture, effectiveness, and oversight, including emerging areas such as artificial intelligence. MAS is urging listed companies to go beyond minimum disclosure by engaging investors more actively and articulating strategic visions, noting that greater dialogue can enhance valuations, liquidity, and capital costs. The initiative supports broader reforms to revitalise Singapore’s equities market and shift towards a disclosure-based regime.