Singapore investors focus on governance

Corporate governance issues are becoming key considerations for investors in deciding which Singapore companies to put their money in following recent business scandals, a survey said Wednesday.

Institutional investors still put a premium on a company's financial results and strong cash reserves for their decisions but the survey found a rising focus on higher corporate governance standards.

"There is an increasing emphasis on greater standards of corporate governance as well as investor communication practices in the light of recent corporate scandals," said Yeo Oon Jin, a partner and head of assurance at auditing firm PricewaterhouseCoopers. "The key learning point arising from this survey is the urgent need for companies to seek ways to improve accountability to stakeholders."

See full Article.