A tougher and more telling test has been set for corporate transparency in Singapore - thanks to a new team at the helm of the Business Times Corporate Transparency Index (BT-CTI). This means that to score well, companies will have to keep up with the evolving expectations of the times.
The Corporate Governance and Financial Reporting Centre (CGFRC) of the NUS Business School has come on board to help revamp the much-relied-on barometer of corporate disclosure and transparency - coming up with a scoring system that is robust and relevant in an age of rising standards of accountability.
Changes have been made to the scorecard to recognise certain emerging best practice in corporate transparency. And there have been adjustments to take into account certain changes in mandatory disclosure requirements - such as the inclusion of the statement of changes in equity.
See full Report, in pdf format.
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