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Singapore corporate governance worse than in neighbors

Malaysia and Thailand more transparent than financial hub, study finds

Large Singaporean companies are less transparent than those in Thailand and Malaysia, according to a report that covered companies in ASEAN nations.   © Reuters

SINGAPORE -- Companies listed on the Singapore Exchange are less transparent in corporate governance issues than their peers in Thailand and Malaysia, according to a report released on Tuesday that covered members of the Association of Southeast Asian Nations.

The study, published by Securities Investors Association Singapore and the Centre of Governance, Institution and Organisations at the National University of Singapore Business School, put overall disclosure levels of companies in the city-state at 64%. 

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