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MSWG Weekly Newsletter 22 April 2022 (English)

The introduction of the Principles on Good Governance (PGG) by the Finance Ministry accentuates directors’ integrity and accountability in strengthening and reforming GLICs. Directors are leaders who set the tone at the top and determine the board culture which emanates downwards as the corporate culture.

Besides, PCG would also serve as the sole reference to governance baseline and sustainability practices for all GLICs to enable the latter better prepare themselves for the adoption of ESG elements in their investment strategies.

MSWG Weekly Newsletter 15 April 2022 (English)

Against the backdrop of increasing responsibilities and workload for board members, overboarding has become a sensitive topic in the realm of today’s corporate governance. Directors are considered overboarded if they sit on a number of boards which could result in excessive time commitments and an inability to fulfil their duties such as squeeze in last-minute emergency board meetings to deliberate on pressing issues.