Guidelines
Guidelines on Corporate Governance
Guidelines on corporate governance for financial institutions incorporated in Singapore.
Applies to:
Full Bank (Locally Incorporated)
,
Wholesale Bank (Locally Incorporated)
,
Direct Insurer (Life)
,
Direct Insurer (Composite)
,
Reinsurer (Life)
,
Reinsurer (General)
,
Reinsurer (Composite)
,
Captive Insurer
,
Financial Holding Company (Insurance)
,
Direct Insurer (General)
,
Financial Holding Company (Banking)
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Guidelines on Corporate Governance
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These guidelines apply to all designated financial holding companies, banks, direct insurers, reinsurers and captive insurers incorporated in Singapore (collectively, "financial institutions").
They provide guidance on good corporate governance practices that financial institutions should observe in relation to Board matters, remuneration matters, accountability and audit, shareholder rights and engagement, managing stakeholder relationships, and oversight of related party transactions.
MAS has set out the compliance approach for different categories of financial institutions under these guidelines. Where applicable, financial institutions should disclose their corporate governance practices and explain variances from the guidelines in their annual reports or on their company websites.
Resource: 2013 Guidelines on Corporate Governance (561.3 KB), 2018 Code of Corporate Governance (336 KB)
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CircularsPublished Date: 09 November 2021
ID 18/21 Issuance of Revisions to the CG Guidelines
Informs locally incorporated insurers on the issuance of the revisions to the Guidelines on corporate governance for designated financial holding companies, banks, direct insurers, reinsurers, and captive insurers which are incorporated in Singapore ("CG Guidelines"), and MAS’ response to the feedback received following the consultation on the CG Guidelines.
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ConsultationsLast Revised Date: 09 November 2021
Consultation Paper on Revisions to the Guidelines on Corporate Governance
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- Consultation number:
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- Start date:
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- Closing date:
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- MAS response date:
- 09 November 2021
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CircularsPublished Date: 24 September 2021
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Informs insurers of the amendments to MAS Notice 106
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Guidelines on the role that a financial institution's Board of Directors and senior management play in risk management.
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