MAS should require EQDP fund managers to express their views, flex shareholder power
An alignment of interests with minority investors could be a more constructive motivating force for IDs than their vaunted independence
[SINGAPORE] Many investors are likely to have been encouraged by the strong message on the topic of delivering shareholder value that the Monetary Authority of Singapore (MAS) sent to the boards of public-listed companies during the Singapore Institute of Directors’ (SID) inaugural Chairpersons Guild Forum on Mar 6.
MAS managing director Chia Der Jiun said during his speech at the event that companies tend to perform well when they have strong corporate governance practices, disciplined capital allocation processes and well-developed strategies for engaging investors.
He went on to say that much of the groundwork to enable boards to adopt the right practices has already been laid. Notably, MAS announced a Value Unlock programme late last year to help companies build up their capabilities in corporate strategy, financial management and investor relations.
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