SINGAPORE - The corporate governance standard of Singapore listed companies reached a new high this year despite challenges posed by the Covid-19 pandemic, with Sats and three CapitaLand Reits topping their respective categories in an index released on Tuesday .
"It is heartening that the assessment process of listed companies for SGTI 2020 was not significantly affected by the Covid-19 pandemic," said Associate Professor Lawrence Loh, director of NUS Business School's Centre for Governance, Institutions and Organisations . The SGTI is published annually by CPA Australia, CGIO, Institutions and Organisations and the Singapore Institute of Directors .
In the index's general category of companies, Sats took over at the top from Singtel, which had led the ranking for the previous five consecutive years. Netlink NBN Trust, Cromwell European Reit, Manulife US Reit and OUE Commercial Reit each jumped over 20 spots to the top 10 in the category.
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