The Energy Market Authority of Singapore enhanced regulatory regime for electricity retailers
2023-08-03
Singapore’s listed companies and trusts show progress in corporate governance practices
2023-08-09
The accreditation framework for board directors was launched by the Singapore Institute of Directors (SID) on July 28, 2023 at its 25th anniversary event.
Speaking at the event, Deputy Prime Minister Lawrence Wong, who was the guest of honour, said the accreditation framework will give directors greater clarity on the competencies they should develop, and provide a common standard for companies to make decisions on board appointments.
The framework identifies eight areas of competence that directors have to exhibit in the boardroom: governance; director duties and practice; financial skill sets; risk management; strategy development; digital skill sets; human capital; and sustainability fundamentals.
Company directors can apply for accreditation from January 2024, in a move to raise the standards and competencies of those who sit on company boards. SID also launched the Governance for Good Alliance, which brings together more than 100 key stakeholders, such as the Singapore Exchange (SGX Group), to champion good governance within the directorship community.
FOZL Group provides one-stop corporate services to local and overseas companies, currently serving over 1,000 companies in Singapore. FOZL assist clients to register Singapore companies, and provide Accounting, Annual Return, Auditing, Tax Declaration, Trademark Registration, applying for Investment Promotion Policies, Corporate Advisory, Private Client Consultancy, establishing Family Offices and providing serviced office solutions for enterprise.
If you would like to learn more, please feel free to contact us, and we will be happy to assist you.
Follow us for latest updates!