In comments delivered at a recent event, Lim Tuang Lee, Assistant Managing Director of the Capital Markets Group at the Monetary Authority of Singapore (MAS), said that the regulator is considering a more calibrated, tailored approach in the ongoing review of its corporate governance code, as reported by The Business Times.
The review aims to meet the diverse needs of companies, from large-cap firms to family-controlled enterprises. "One key objective of this review is that we want to take a long, hard, introspective look at our corporate governance requirements across the corporate governance code and practice guidance, to look at whether they are delivering the outcomes that we want," Lim said. "So a one-size-fits-all approach may not be the way to achieve this."
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