May 20, 2016

New Rules and Stewardship Codes Seen Boosting Asian Corporate Governance

Asia has seen vast improvement in corporate governance over the past two years as regulators and securities exchanges tighten rules to boost company performance, raise investor confidence and guard their reputations. Markets including Hong Kong, Japan, Singapore, South Korea, Taiwan and Thailand have been getting tough on rogue firms and introducing stewardship codes to encourage engagement between companies and investors, exchange chiefs and investors told a Reuters Financial Regulation Summit. Hong Kong and Singapore, two of the region’s largest financial centers, for instance have tightened listing and takeover requirements, and have stepped up enforcement after instances of erratic price movements sparked fear of manipulation in both markets.

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