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25 June 2025

On 29 May 2025, the Monetary Authority of Singapore (“MAS”) announced that the Corporate Governance Advisory Committee (“CGAC”) will undertake a review of the Code of Corporate Governance (“CG Code”). The last major review of the CG Code started in February 2017 and concluded in August 2018.?

The current review aims to build upon established good practices in corporate governance and disclosures among listed companies and complement the ongoing work of the Equities Market Review Group. The CGAC will consult and engage with industry stakeholders with the support of two sub-committees.?

The first sub-committee will consider measures to facilitate more meaningful implementation of the CG Code. This includes providing additional guidance and practical examples that will enable companies to implement the CG Code provisions in a manner that is suited to their operating contexts, such as their size and industry.?

The second sub-committee will consider new CG Code provisions or guidance on corporate culture, board effectiveness, and risk management in emerging areas, such as artificial intelligence. These enhancements aim to strengthen boards’ capacities to steer companies through the current rapidly evolving landscape while continuing to uphold long-term shareholder value.?

Reference materials?

The is available on the MAS website .