MAS Weighs Changes to Corporate Governance Code for Boards' Roles, Will Monitor Value Unlock Programme

Reported via the Singapore Institute of Directors on March 6, 2026, MAS Managing Director Chia Der Jiun confirmed at the inaugural Chairpersons Guild Forum that MAS is reviewing Singapore's corporate governance code to strengthen board responsibilities for shareholder value creation, corporate culture, board effectiveness, and risk management. MAS will examine how boards can provide strategic challenge to management on capital efficiency and market valuation, and is building out practical guidance to accompany code principles. For SGX-listed and aspiring-listed SEA companies, this signals that board quality, not just compliance box-ticking, will be the new regulatory benchmark.