Corporate governance requirements for designated financial holding companies that has a subsidiary that is a licensed insurer incorporated, formed or established in Singapore (“DFHC (Licensed Insurer)), including the independence of directors, composition of the board of directors and board committees, and their responsibilities.
ID 09/21 Consultation on Revisions to the Guidelines on Corporate Governance
Requirements and guidelines on the appointment of director, chairperson and key executive person for designated financial holding companies that has a subsidiary that is a licensed insurer incorporated, formed or established in Singapore (“DFHC (Licensed Insurer”)).
This consultation paper sets out MAS’ proposed revisions to the Guidelines on Corporate Governance for Designated Financial Holding Companies, Banks, Direct Insurers, Reinsurers and Captive Insurers which are incorporated in Singapore. MAS is proposing these revisions taking into account international standards and industry good practices.
- Consultation number:
- Start date:
- 07 May 2021
- Closing date:
- 18 June 2021
- MAS response date:
- 09 November 2021
Guidelines on corporate governance for financial institutions incorporated in Singapore.
Requirements and guidelines for licensed insurers on the appointment of director, chairman and key executive person.
Guidelines on the role that a financial institution's Board of Directors and senior management play in risk management.
Sets out the corporate governance requirements applicable to all direct insurers and reinsurers incorporated in Singapore (except marine mutual insurers)
Corporate governance requirements for banks and financial holding companies, including the composition of the board of directors and board committees, and separation of roles for the Chairman of the Board and Chief Executive Officer.