Singapore Stewardship Principles to undergo update
The process will take four weeks starting today.
The Singapore Stewardship Principles for Responsible Investors are being updated.
The four-week process will be led by a 12-member steering committee from Stewardship Asia Center. The move has the support of the Monetary Authority of Singapore and the Singapore Exchange.
Proposed changes are expected to affect several areas, such as the definition of investment stewardship, internal structures and governance, stewardship beyond listed companies, ESG considerations in investment decision-making, and outcomes of stewardship.
Originally introduced in 2016, the changes aim to advance stewardship practices in Singapore, and will be known as SSP 2.0.
The consultation process will end on December 15, Wednesday.