Singapore is Asia's Corporate Governance Leader

Singapore has edged out Hong Kong as Asia's corporate governance leader, reports the South China Morning Post.


Citing the survey produced by CLSA Asia Pacific Markets and the Asian Corporate Governance Association (ACGA), the Post notes Singapore scored 67%, up from 65% in 2007, while Hong Kong scored 65%, down from 67% three years earlier. The Philippines landed in the bottom with 37%, slipping from 41% in 2007.


The report reveals that corporate governance in Asia falls below global standards and initiatives to improve it have been hampered by the financial crisis. Asia's leaders--Singapore and Hong Kong--lag behind the U.S. and Europe.





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