Revised Code of Corporate Governance

On February 5, 2005, ACGA wrote to the Council on Corporate Disclosure and Governance (CCDG) to comment on Singapore’s revised Code of Corporate Governance. Our submission covered the following issues:

• Proposal 2: Proportion of independent directors
• Proposal 3: Independence criteria
• Proposal 4: The role of the board
• Proposal 5: Lead independent director
• Proposal 6: Director selection
• Proposals 11/12: Audit committee
• Proposal 13: Proxy attendance at AGMs
• Proposal 16: Institutional investors