Investors should welcome Singapore's revised governance code
In July, Singapore’s Ministry of Finance published a revised version of the Code of Corporate Governance, which is effective from January 1, 2007. The code was first issued in 2001, and was due for a revision to bring it into line with changing market conditions and global best practices. The new code moves corporate procedures forward by promoting international best practices and enhancing investor protection. In particular, there are three main areas that will improve best practice
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