Regulatory Alerts2021-11-09
Added
Guidelines on Corporate Governance for Financial Institutions in Singapore
The Monetary Authority of Singapore issued these guidelines to establish corporate governance standards for designated financial holding companies, banks, and insurers incorporated in Singapore. The document requires institutions to observe best practices regarding board composition, remuneration, accountability, and stakeholder engagement while disclosing any variances in their annual reports. These requirements align with international standards and industry good practices to ensure robust risk management and oversight of related party transactions.
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