Our governance framework is anchored on competent leadership, effective internal controls, a strong risk culture and accountability to stakeholders.
We have provided a summary of disclosures on our compliance with the Guidelines on Corporate Governance for Designated Financial Holding Companies, Banks, Direct Insurers, Reinsurers and Captive Insurers issued on 9 November 2021, which comprise the Code of Corporate Governance 2018 and additional guidelines added by the Monetary Authority of Singapore, in our latest Annual Report.
Please refer to the ‘Investors’ page for our latest Annual Report which provides details on our corporate governance framework and practices.
Our Board provides direction to management by setting the Group's strategy and overseeing its implementation. It ensures risks and rewards are appropriately balanced.
The make-up of our Board reflects diversity of gender, nationality, age, skills and knowledge. Independent Directors form the majority of the Board.
Please refer to the ‘About/Our Leadership’ page for the biodata of each Board member.
We have adopted a Board Diversity Policy which recognises the importance of having an effective and diverse Board and states that the Nominating Committee (NC) is responsible for setting the relevant objectives that promote and achieve diversity on the Board. In discharging its duties, the NC gives due regard to the benefits of all aspects of diversity and strives to ensure that the Board is appropriately balanced to support our long-term success.
The main objective of the Board Diversity Policy is to continue to maintain the appropriate balance of perspectives, skills and experience on the Board to support our long-term success. The Board Diversity Policy provides that the NC shall endeavour to ensure that female candidates are included for consideration when identifying candidates to be appointed as new directors, with the aim of having not less than two female directors on the Board and targeting to achieve 30% female Board representation by 2030.
Delegation by the Board to the Board committees
The Board has delegated authority to various Board committees to enable them to oversee certain specific responsibilities based on the terms of reference. Any change to the terms of reference for any Board committee requires Board approval.
Our internal controls framework covers financial, operational, compliance and information technology controls, as well as risk management policies and systems.
The tone from the top set by the Board and management is vital so as to embed and maintain an appropriate risk culture.
We promote fair and equitable treatment of all shareholders. All shareholders enjoy specific rights under the Singapore Companies Act and our Constitution. These rights include, among others, the right to participate in profit distributions and the right to attend and vote at general meetings.
We respect the equal information rights of all shareholders and are committed to the practice of fair, transparent and timely disclosure.
Please refer to the 'Investors' page for our Investor Relations Policy.
Please refer to ‘AGM and EGM’ at the 'Investors' page for information on our General Meetings, Notices, Proxy Forms, Outcome and Minutes.
For our Constitution, please click here.
World's Best Bank 2025, 2018 - 2022
Euromoney, Global Finance, The Banker
Asia’s Safest Bank, 2009 – 2026
Global Finance
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