On August 3, 2011, ACGA submitted a response to a Monetary Authority of Singapore consultation paper on proposed revisions to the Singapore Code of Corporate Governance.

ACGA analysed and made recommendations on most of the key proposals, including:

• Director Independence;
• Board Composition;
• Director Training;
• Multiple Directorships;
• Remuneration Practices and Disclosure;
• Risk Management; and
• Shareholder Rights and Role

While we supported many of the proposed revisions, we suggested amendments to several and sought clarification on some of the issues raised.