So this blog and others like it have exhausted the facts and figured about the strong corporate governance in Singapore and how wonderful it all is for us to be there. I want to talk about something that gave a new spin on why company should do business in Singapore. Not all will agree with this but there is something worth discussing about the transparent policies that Singapore possess and how this can be put to use to the advantage of the business owners. In terms of Asian nations, Singapore sets a high corporate governance standard, according to a study instigated by the Singapore chapter of the Association of Chartered Certified Accountants (ACCA), conducted in conjunction with KPMG. The Lion City ranks third globally in the report, which was released last November, behind the United Kingdom and the United States.

The researchers pointed to improvements in Singapore’s corporate-governance code and to the listing rules for the Singapore Exchange as reasons for the high ranking, with the city having enhanced disclosure, audit committees and risk governance. However, Singapore still has plenty of work to do when it comes to the diversity of corporate boards, which tend to be dominated by a small circle of executives with similar profiles, as well as the ways in which boards are evaluated and social responsibility is reported.