Singapore stresses corporate governance role in risk-based rules for insurers


SINGAPORE -- New guidelines for insurance companies in Singapore will stress the importance of transparent and performance-linked pay for senior executives, and emphasise the need for the integrity of financial information.

That was the message from Singapore deputy prime minister Lee Hsien Loong in mid-July, when he commented on progress with plans for the risk-based supervision of insurance companies at the International Insurance Society’s annual seminar in Singapore. Lee is also chairman of

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