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Singapore companies flagged for lagging ASEAN peers in transparency

Corporate governance bodies highlight reluctance of companies to disclose information

A recent study found that among publicly listed firms in the ASEAN region, those in Singapore scored lower on corporate governance measures than those in Thailand and Malaysia.

SINGAPORE -- Singapore may be a prominent financial hub in Asia, but its publicly-listed companies are continually lagging behind their peers in Thailand and Malaysia on transparency issues, according to corporate governance bodies that have flagged the shortfalls.

The Singapore Institute of Directors and the National University of Singapore's Centre for Governance, Institutions and Organisations on Tuesday highlighted the practice of company disclosures as a key area to be fixed if the city-state's publicly-listed firms were to improve.

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