How are governance grades assigned?

Companies scoring 80 or above receive an A grade, 65-79 a B, 50-64 a C, 35-49 a D, and below 35 an F. The scoring is based on publicly available data from SGX filings and annual reports.

Which SGX companies are covered by the Governance Risk Score?

The score covers SGX-listed companies that have sufficient governance data available, including board composition, meeting attendance records, and remuneration disclosures. Coverage depends on the quality and availability of public filings.

Governance Risk Score

Q: What does the Governance Risk Score measure for SGX companies?

The Governance Risk Score is a composite assessment across 8 dimensions: board independence, board size, CEO/Chair separation, meeting attendance, auditor independence, credential density, committee coverage, and pay transparency. Each company receives a score out of 100 and a letter grade from A to F.

Composite governance quality assessment for SGX-listed companies across 8 dimensions: board independence, board size, CEO/Chair separation, meeting attendance, auditor independence, credential density, committee coverage, and pay transparency.

Companies Scored

181

with governance data

Avg Score

39/100

across all companies

A-Grade

score 80+

F-Grade

score below 35

Score Distribution

10%

23%

15%

51%

Company Rankings

Ticker	Company	Sector	Score	Grade	BI	BS	CS	MA	AI	CD	CC	PT
J91U	ESR-LOGOS REIT	Real Estate	82	A	15	10	10	10	5	7	15	10
C52	ComfortDelGro Corporation Ltd	Industrials	78	B	15	3	10	15	3	7	15	10
DCRU	Digital Core REIT	Real Estate	70	B	5	10	10	15	10	5	15	0
H02	Haw Par Corporation Ltd	Health Care	70	B	5	7	10	15	3	5	15	10
J69U	Frasers Centrepoint Trust	Real Estate	70	B	5	10	10	15	3	2	15	10
M1GU	Sabana Industrial REIT	Real Estate	70	B	5	10	10	15	3	2	15	10
G13	Genting Singapore Ltd	Consumer Discretionary	69	B	5	7	10	15	5	2	15	10
H15	Hotel Properties Ltd	Real Estate	69	B	5	7	10	15	5	2	15	10
BSL	Raffles Medical Group Ltd	Health Care	68	B	5	3	10	15	5	5	15	10
CJLU	NetLink NBN Trust	Communication Services	68	B	5	3	10	15	5	5	15	10
F9D	Boustead Singapore Ltd	Industrials	68	B	5	3	10	15	5	5	15	10
AP4	Riverstone Holdings Ltd	Health Care	65	B	5	3	10	15	5	2	15	10
C6L	Singapore Airlines Ltd	Industrials	65	B	5	3	10	15	5	2	15	10
E5H	Golden Agri-Resources Ltd	Consumer Staples	65	B	5	3	10	15	5	2	15	10
G07	Great Eastern Life Assurance Company Ltd	Financials	65	B	5	3	10	15	5	2	15	10
O39	Oversea-Chinese Banking Corporation Ltd	Financials	65	B	5	3	10	15	5	2	15	10
OYY	PropNex Ltd	Real Estate	65	B	5	3	10	15	5	2	15	10
T6I	Tiong Seng Holdings Ltd	Industrials	65	B	5	10	10	10	3	2	15	10
TQ5	Frasers Property Ltd	Real Estate	65	B	5	3	10	15	5	2	15	10
1B0	mm2 Asia Ltd	Communication Services	63	C	5	3	10	15	3	2	15	10
BS6	Yangzijiang Shipbuilding Holdings Ltd	Industrials	63	C	5	3	10	15	3	2	15	10
C38U	CapitaLand Integrated Commercial Trust	Real Estate	63	C	5	3	10	15	3	2	15	10
T14	Tuan Sing Holdings Ltd	Real Estate	63	C	5	3	10	15	3	2	15	10
U11	United Overseas Bank Ltd	Financials	63	C	15	3	10	15	3	2	15	0
YK9	Yangzijiang Financial Holding Ltd	Financials	63	C	5	3	10	5	10	5	15	10
Z74	Singapore Telecommunications Ltd	Communication Services	63	C	5	3	10	15	3	2	15	10
T82U	Suntec Real Estate Investment Trust	Real Estate	62	C	5	7	10	5	5	5	15	10
C09	City Developments Ltd	Real Estate	61	C	5	3	10	15	3	5	10	10
Y92	Thai Beverage Public Company Ltd	Consumer Staples	61	C	5	3	10	15	3	5	10	10
558	UMS Holdings Ltd	Information Technology	60	C	5	10	10	0	5	5	15	10
F03	Food Empire Holdings Ltd	Consumer Staples	60	C	5	10	10	0	5	5	15	10
S71	Sunningdale Tech Ltd	Industrials	60	C	5	10	10	0	5	5	15	10
YF8	YZJ Financial Holdings Ltd	Financials	60	C	5	3	10	5	10	2	15	10
D05	DBS Group Holdings Ltd	Financials	58	C	5	3	10	10	3	2	15	10
H30	Hutchison Port Holdings Trust	Industrials	58	C	5	3	10	15	3	7	15	0
S63	Singapore Technologies Engineering Ltd	Industrials	58	C	5	3	10	10	3	2	15	10
S68	Singapore Exchange Ltd	Financials	58	C	5	3	10	10	3	2	15	10
5OI	Japan Foods Holding Ltd	Consumer Discretionary	57	C	5	10	10	0	5	2	15	10
5WH	Rex International Holding Ltd	Energy	57	C	5	7	10	5	3	2	15	10
BCD	Indo Agri Resources Ltd	Consumer Staples	57	C	5	7	10	0	5	5	15	10
I07	ISDN Holdings Ltd	Industrials	57	C	5	10	10	10	10	2	0	10
CWCU	CapitaLand India Trust	Real Estate	55	C	15	10	10	0	3	7	0	10
EMI	Emperador Inc	Consumer Staples	55	C	5	7	10	15	3	5	0	10
NC2	RH Petrogas Ltd	Energy	55	C	5	3	10	5	5	2	15	10
A50	Thomson Medical Group Ltd	Health Care	54	C	5	7	10	5	5	2	10	10
K71U	Keppel REIT	Real Estate	54	C	5	7	10	0	5	2	15	10
1J5	Hyphens Pharma International Ltd	Health Care	53	C	5	3	0	15	3	2	15	10
AGS	The Hour Glass Ltd	Consumer Discretionary	53	C	5	3	10	15	5	5	10	0
JYEU	Lendlease Global Commercial REIT	Real Estate	53	C	5	3	10	0	5	5	15	10
5DD	Micro-Mechanics Holdings Ltd	Information Technology	52	C	5	10	10	5	5	2	15	0
C07	Jardine Cycle & Carriage Ltd	Consumer Discretionary	52	C	5	7	10	0	3	2	15	10
A17U	CapitaLand Ascendas REIT	Real Estate	51	C	5	3	10	0	3	5	15	10
VC2	Olam Group Ltd	Consumer Staples	51	C	5	3	10	0	3	5	15	10
5UX	Oxley Holdings Ltd	Real Estate	50	C	5	10	10	15	5	5	0	0
A7RU	Keppel Infrastructure Trust	Utilities	50	C	0	10	10	15	3	2	0	10
BN4	Keppel Ltd	Industrials	50	C	5	3	10	0	5	2	15	10
C2PU	Parkway Life Real Estate Investment Trust	Real Estate	50	C	5	3	10	0	5	2	15	10
F34	Wilmar International Ltd	Consumer Staples	50	C	5	3	10	0	5	2	15	10
S58	SATS Ltd	Industrials	50	C	5	3	10	0	5	2	15	10
U06	United Overseas Land Ltd	Real Estate	50	C	5	3	10	10	5	2	15	0
V03	Venture Corporation Ltd	Information Technology	50	C	5	3	10	0	5	2	15	10
9CI	CapitaLand Investment Ltd	Real Estate	48	D	15	3	10	0	3	2	15	0
BQF	Mewah International Inc	Consumer Staples	48	D	5	10	10	0	3	5	15	0
M14	InnoTek Ltd	Information Technology	47	D	5	10	10	0	5	2	15	0
1D0	Kimly Ltd	Consumer Discretionary	44	D	5	7	10	15	5	2	0	0
P34	Delfi Ltd	Consumer Staples	44	D	5	7	10	15	5	2	0	0
42R	Jumbo Group Ltd	Consumer Discretionary	42	D	5	10	10	0	5	2	0	10
BRS	Top Glove Corporation Bhd	Health Care	42	D	15	10	10	0	5	2	0	0
E16	China Yuchai International Ltd	Industrials	42	D	20	10	5	0	5	2	0	0
E5G	China Sunsine Chemical Holdings Ltd	Materials	42	D	15	10	10	0	5	2	0	0
GKY	Japfa Ltd	Consumer Staples	42	D	15	10	10	0	5	2	0	0
N21	NetLink Trust	Communication Services	42	D	15	10	10	0	5	2	0	0
P8Z	Bumitama Agri Ltd	Consumer Staples	42	D	5	10	10	0	5	2	0	10
T39	Singapore Press Holdings Ltd	Communication Services	42	D	15	10	10	0	5	2	0	0
Q0F	IHH Healthcare Berhad	Health Care	40	D	0	10	10	15	3	2	0	0
5CP	Silverlake Axis Ltd	Information Technology	39	D	15	7	10	0	5	2	0	0
5HE	Stamford Land Corporation Ltd	Real Estate	39	D	15	7	10	0	5	2	0	0
SK6U	SPH REIT	Real Estate	39	D	15	7	10	0	5	2	0	0
5E2	Seatrium Ltd	Energy	38	D	5	3	10	0	3	2	15	0
AU8U	CapitaLand China Trust	Real Estate	38	D	5	3	10	0	3	7	0	10
CC3	StarHub Ltd	Communication Services	38	D	5	3	10	0	3	2	5	10
A26	Singapore Shipping Corporation Ltd	Industrials	35	D	15	3	10	0	5	2	0	0
AIY	iFAST Corporation Ltd	Financials	35	D	5	3	10	0	5	2	0	10
EB5	First Resources Ltd	Consumer Staples	35	D	0	3	10	15	5	2	0	0
H17	Hi-P International Ltd	Information Technology	35	D	15	3	10	0	5	2	0	0
H78	Hongkong Land Holdings Ltd	Real Estate	35	D	5	3	10	0	5	2	10	0
OV8	Sheng Siong Group Ltd	Consumer Staples	35	D	0	10	10	0	3	2	0	10
U96	SembCorp Industries Ltd	Utilities	35	D	0	3	10	5	5	2	0	10
HMN	Ascott Residence Trust	Real Estate	33	F	5	3	10	0	3	2	0	10
5GD	HC Surgical Specialists Ltd	Health Care	32	F	5	10	10	0	5	2	0	0
S08	Singapore Post Ltd	Industrials	32	F	5	10	10	0	5	2	0	0
S61	SBS Transit Ltd	Industrials	32	F	5	10	10	0	5	2	0	0
U14	UOL Group Ltd	Real Estate	32	F	5	10	10	0	5	2	0	0
WJP	Vicom Ltd	Industrials	32	F	5	10	10	0	5	2	0	0
BN8	Baker Technology Ltd	Energy	29	F	5	7	10	0	5	2	0	0
F17	Guocoland Ltd	Real Estate	29	F	5	7	10	0	5	2	0	0
VL6	Koufu Group Ltd	Consumer Discretionary	29	F	5	7	10	0	5	2	0	0
40V	iX Biopharma Ltd	Health Care	27	F	0	10	10	0	5	2	0	0
5BI	Serial System Ltd	Information Technology	27	F	0	10	10	0	5	2	0	0
5CF	SinoCloud Group Ltd	Information Technology	27	F	0	10	10	0	5	2	0	0
5ML	Old Chang Kee Ltd	Consumer Staples	27	F	0	10	10	0	5	2	0	0
8AZ	Aztech Global Ltd	Information Technology	27	F	0	10	10	0	5	2	0	0
AJBU	Keppel DC REIT	Real Estate	27	F	0	10	10	0	5	2	0	0
AWX	AEM Holdings Ltd	Information Technology	27	F	0	10	10	0	5	2	0	0
BEW	Frasers Centrepoint Ltd	Real Estate	27	F	0	10	10	0	5	2	0	0
BEZ	Dyna-Mac Holdings Ltd	Energy	27	F	0	10	10	0	5	2	0	0
BHK	UOI Ltd	Financials	27	F	0	10	10	0	5	2	0	0
BN2	Valuetronics Holdings Ltd	Information Technology	27	F	0	10	10	0	5	2	0	0
CMOU	Keppel Pacific Oak US REIT	Real Estate	27	F	0	10	10	0	5	2	0	0
CRPU	Sasseur REIT	Real Estate	27	F	0	10	10	0	5	2	0	0
CY6U	Dasin Retail Trust (Units)	Real Estate	27	F	0	10	10	0	5	2	0	0
D01	DFI Retail Group Holdings Ltd	Consumer Staples	27	F	0	10	10	0	5	2	0	0
D03	Del Monte Pacific Ltd	Consumer Staples	27	F	0	10	10	0	5	2	0	0
D8DU	ARA US Hospitality Trust	Real Estate	27	F	0	10	10	0	5	2	0	0
DHLU	Daiwa House Logistics Trust	Real Estate	27	F	0	10	10	0	5	2	0	0
G92	China Aviation Oil (Singapore) Corp Ltd	Energy	27	F	0	10	10	0	5	2	0	0
H07	Hiap Hoe Ltd	Real Estate	27	F	0	10	10	0	5	2	0	0
H13	Ho Bee Land Ltd	Real Estate	27	F	0	10	10	0	5	2	0	0
J2T	Japfa Comfeed Indonesia Tbk	Consumer Staples	27	F	0	10	10	0	5	2	0	0
J36	Jardine Matheson Holdings Ltd	Industrials	27	F	0	10	10	0	5	2	0	0
J85	CDL Hospitality Trusts	Real Estate	27	F	0	10	10	0	5	2	0	0
K29	KORI Holdings Ltd	Industrials	27	F	0	10	10	0	5	2	0	0
LJ3	Keppel Corporation Ltd	Industrials	27	F	0	10	10	0	5	2	0	0
M44U	Mapletree Logistics Trust	Real Estate	27	F	0	10	10	0	5	2	0	0
ME8U	Mapletree Industrial Trust	Real Estate	27	F	0	10	10	0	5	2	0	0
MR7	Moya Holdings Asia Ltd	Utilities	27	F	0	10	10	0	5	2	0	0
MV4	Strides Pharma Science Ltd	Health Care	27	F	0	10	10	0	5	2	0	0
N2IU	Mapletree Pan Asia Commercial Trust	Real Estate	27	F	0	10	10	0	5	2	0	0
N32	Nera Telecommunications Ltd	Communication Services	27	F	0	10	10	0	5	2	0	0
OU8	Centurion Corporation Ltd	Real Estate	27	F	0	10	10	0	5	2	0	0
P40U	Starhill Global REIT	Real Estate	27	F	0	10	10	0	5	2	0	0
P52	Singapore O&G Ltd	Health Care	27	F	0	10	10	0	5	2	0	0
Q5T	Far East Hospitality Trust	Real Estate	27	F	0	10	10	0	5	2	0	0
QES	QES Group Berhad	Information Technology	27	F	0	10	10	0	5	2	0	0
RE4	Geo Energy Resources Ltd	Energy	27	F	0	10	10	0	5	2	0	0
S07	Singapore Finance Ltd	Financials	27	F	0	10	10	0	5	2	0	0
S56	Singapore Reinsurance Corporation Ltd	Financials	27	F	0	10	10	0	5	2	0	0
S59	SIA Engineering Company Ltd	Industrials	27	F	0	10	10	0	5	2	0	0
S85	Straco Corporation Ltd	Consumer Discretionary	27	F	0	10	10	0	5	2	0	0
T24	Tye Soon Ltd	Industrials	27	F	0	10	10	0	5	2	0	0
U77	SingHaiyi Group Ltd	Real Estate	27	F	0	10	10	0	5	2	0	0
Z25	Yanlord Land Group Ltd	Real Estate	27	F	0	10	10	0	5	2	0	0
Z59	Yongnam Holdings Ltd	Industrials	27	F	0	10	10	0	5	2	0	0
U13	United Industrial Corporation Ltd	Real Estate	25	F	5	3	10	0	5	2	0	0
1F3	Noel Gifts International Ltd	Consumer Discretionary	24	F	0	7	10	0	5	2	0	0
40T	Stamford American International School	Consumer Discretionary	24	F	0	7	10	0	5	2	0	0
544	CSE Global Ltd	Information Technology	24	F	0	7	10	0	5	2	0	0
5AI	OKP Holdings Ltd	Industrials	24	F	0	7	10	0	5	2	0	0
5TP	UMS Integration Ltd	Information Technology	24	F	0	7	10	0	5	2	0	0
A04	ASL Marine Holdings Ltd	Industrials	24	F	0	7	10	0	5	2	0	0
A30	Asia Enterprises Holding Ltd	Materials	24	F	0	7	10	0	5	2	0	0
B61	Bukit Sembawang Estates Ltd	Real Estate	24	F	0	7	10	0	5	2	0	0
BHU	Dasin Retail Trust	Real Estate	24	F	0	7	10	0	5	2	0	0
BMGU	BHG Retail REIT	Real Estate	24	F	0	7	10	0	5	2	0	0
BTOU	Manulife US REIT	Real Estate	24	F	0	7	10	0	5	2	0	0
BUOU	Frasers Logistics & Commercial Trust	Real Estate	24	F	0	7	10	0	5	2	0	0
C8R	Jiutian Chemical Group Ltd	Materials	24	F	0	7	10	0	5	2	0	0
F10	Frasers Centrepoint Asset Management Ltd	Real Estate	24	F	0	7	10	0	5	2	0	0
M01	Great Eastern Holdings Ltd	Financials	24	F	0	7	10	0	5	2	0	0
MXNU	Elite Commercial REIT	Real Estate	24	F	0	7	10	0	5	2	0	0
MZH	Nanofilm Technologies International Ltd	Information Technology	24	F	0	7	10	0	5	2	0	0
NR7	NIO Inc	Consumer Discretionary	24	F	0	7	10	0	5	2	0	0
O5RU	AIMS APAC REIT	Real Estate	24	F	0	7	10	0	5	2	0	0
ODBU	United Hampshire US REIT	Real Estate	24	F	0	7	10	0	5	2	0	0
OXMU	Prime US REIT	Real Estate	24	F	0	7	10	0	5	2	0	0
S20	Straits Trading Company Ltd	Industrials	24	F	0	7	10	0	5	2	0	0
T12	TSH Corporation Ltd	Materials	24	F	0	7	10	0	5	2	0	0
TS0U	OUE REIT	Real Estate	24	F	0	7	10	0	5	2	0	0
W05	Wing Tai Holdings Ltd	Real Estate	24	F	0	7	10	0	5	2	0	0
1F1	Clearbridge Health Ltd	Health Care	20	F	0	3	10	0	5	2	0	0
C05	CDL Investments New Zealand Ltd	Real Estate	20	F	0	3	10	0	5	2	0	0
C33	Tat Seng Packaging Group Ltd	Materials	20	F	0	3	10	0	5	2	0	0
C76	Singapore Land Group Ltd	Real Estate	20	F	0	3	10	0	5	2	0	0
D5IU	Lippo Malls Indonesia Retail Trust	Real Estate	20	F	0	3	10	0	5	2	0	0
K03	Koda Ltd	Consumer Discretionary	20	F	0	3	10	0	5	2	0	0
L38	Leverage Shares PLC	Financials	20	F	0	3	10	0	5	2	0	0
P15	Pacific Century Regional Developments Ltd	Communication Services	20	F	0	3	10	0	5	2	0	0
P9D	Pan Jit International Inc	Information Technology	20	F	0	3	10	0	5	2	0	0
T55	Travelodge Hotels Asia Pte Ltd	Consumer Discretionary	20	F	0	3	10	0	5	2	0	0
E28	Frencken Group Ltd	Information Technology	19	F	0	7	5	0	5	2	0	0
R14	Resources Prima Group Ltd	Energy	15	F	0	3	5	0	5	2	0	0

Component Breakdown

Average score per governance dimension across all SGX companies. Lower bars indicate systemic weaknesses in the market.

Board Independence

3.5/20

17%

Meeting Attendance

3.5/15

23%

Credential Density

2.5/10

25%

Committee Coverage

4.9/15

33%

Pay Transparency

3.4/10

34%

Auditor Independence

4.7/10

47%

Board Size

7/10

70%

CEO/Chair Separation

9.9/10

99%

Weakest dimension: Board Independence at 17% of maximum.

Sector Comparison

Financials

46/100

n=13

Communication Services

45/100

n=8

Health Care

44/100

n=12

Consumer Staples

44/100

n=17

Industrials

43/100

n=25

Real Estate

38/100

n=60

Consumer Discretionary

37/100

n=13

Utilities

37/100

n=3

Energy

34/100

n=8

Information Technology

33/100

n=17

Materials

27/100

n=5

Red Flags120 companies rated D or F

Ticker	Company	Score	Grade	Weakest Areas
9CI	CapitaLand Investment Ltd	48	D	Meeting AttendanceCredential DensityPay Transparency
BQF	Mewah International Inc	48	D	Board IndependenceMeeting AttendancePay Transparency
M14	InnoTek Ltd	47	D	Board IndependenceMeeting AttendanceCredential DensityPay Transparency
1D0	Kimly Ltd	44	D	Board IndependenceCredential DensityCommittee CoveragePay Transparency
P34	Delfi Ltd	44	D	Board IndependenceCredential DensityCommittee CoveragePay Transparency
42R	Jumbo Group Ltd	42	D	Board IndependenceMeeting AttendanceCredential DensityCommittee Coverage
BRS	Top Glove Corporation Bhd	42	D	Meeting AttendanceCredential DensityCommittee CoveragePay Transparency
E16	China Yuchai International Ltd	42	D	Meeting AttendanceCredential DensityCommittee CoveragePay Transparency
E5G	China Sunsine Chemical Holdings Ltd	42	D	Meeting AttendanceCredential DensityCommittee CoveragePay Transparency
GKY	Japfa Ltd	42	D	Meeting AttendanceCredential DensityCommittee CoveragePay Transparency
N21	NetLink Trust	42	D	Meeting AttendanceCredential DensityCommittee CoveragePay Transparency
P8Z	Bumitama Agri Ltd	42	D	Board IndependenceMeeting AttendanceCredential DensityCommittee Coverage
T39	Singapore Press Holdings Ltd	42	D	Meeting AttendanceCredential DensityCommittee CoveragePay Transparency
Q0F	IHH Healthcare Berhad	40	D	Board IndependenceCredential DensityCommittee CoveragePay Transparency
5CP	Silverlake Axis Ltd	39	D	Meeting AttendanceCredential DensityCommittee CoveragePay Transparency
5HE	Stamford Land Corporation Ltd	39	D	Meeting AttendanceCredential DensityCommittee CoveragePay Transparency
SK6U	SPH REIT	39	D	Meeting AttendanceCredential DensityCommittee CoveragePay Transparency
5E2	Seatrium Ltd	38	D	Board IndependenceMeeting AttendanceCredential DensityPay Transparency
AU8U	CapitaLand China Trust	38	D	Board IndependenceMeeting AttendanceCommittee Coverage
CC3	StarHub Ltd	38	D	Board IndependenceMeeting AttendanceCredential Density
A26	Singapore Shipping Corporation Ltd	35	D	Meeting AttendanceCredential DensityCommittee CoveragePay Transparency
AIY	iFAST Corporation Ltd	35	D	Board IndependenceMeeting AttendanceCredential DensityCommittee Coverage
EB5	First Resources Ltd	35	D	Board IndependenceCredential DensityCommittee CoveragePay Transparency
H17	Hi-P International Ltd	35	D	Meeting AttendanceCredential DensityCommittee CoveragePay Transparency
H78	Hongkong Land Holdings Ltd	35	D	Board IndependenceMeeting AttendanceCredential DensityPay Transparency
OV8	Sheng Siong Group Ltd	35	D	Board IndependenceMeeting AttendanceCredential DensityCommittee Coverage
U96	SembCorp Industries Ltd	35	D	Board IndependenceCredential DensityCommittee Coverage
HMN	Ascott Residence Trust	33	F	Board IndependenceMeeting AttendanceCredential DensityCommittee Coverage
5GD	HC Surgical Specialists Ltd	32	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
S08	Singapore Post Ltd	32	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
S61	SBS Transit Ltd	32	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
U14	UOL Group Ltd	32	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
WJP	Vicom Ltd	32	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
BN8	Baker Technology Ltd	29	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
F17	Guocoland Ltd	29	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
VL6	Koufu Group Ltd	29	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
40V	iX Biopharma Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
5BI	Serial System Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
5CF	SinoCloud Group Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
5ML	Old Chang Kee Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
8AZ	Aztech Global Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
AJBU	Keppel DC REIT	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
AWX	AEM Holdings Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
BEW	Frasers Centrepoint Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
BEZ	Dyna-Mac Holdings Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
BHK	UOI Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
BN2	Valuetronics Holdings Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
CMOU	Keppel Pacific Oak US REIT	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
CRPU	Sasseur REIT	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
CY6U	Dasin Retail Trust (Units)	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
D01	DFI Retail Group Holdings Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
D03	Del Monte Pacific Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
D8DU	ARA US Hospitality Trust	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
DHLU	Daiwa House Logistics Trust	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
G92	China Aviation Oil (Singapore) Corp Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
H07	Hiap Hoe Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
H13	Ho Bee Land Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
J2T	Japfa Comfeed Indonesia Tbk	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
J36	Jardine Matheson Holdings Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
J85	CDL Hospitality Trusts	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
K29	KORI Holdings Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
LJ3	Keppel Corporation Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
M44U	Mapletree Logistics Trust	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
ME8U	Mapletree Industrial Trust	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
MR7	Moya Holdings Asia Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
MV4	Strides Pharma Science Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
N2IU	Mapletree Pan Asia Commercial Trust	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
N32	Nera Telecommunications Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
OU8	Centurion Corporation Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
P40U	Starhill Global REIT	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
P52	Singapore O&G Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
Q5T	Far East Hospitality Trust	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
QES	QES Group Berhad	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
RE4	Geo Energy Resources Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
S07	Singapore Finance Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
S56	Singapore Reinsurance Corporation Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
S59	SIA Engineering Company Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
S85	Straco Corporation Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
T24	Tye Soon Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
U77	SingHaiyi Group Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
Z25	Yanlord Land Group Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
Z59	Yongnam Holdings Ltd	27	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
U13	United Industrial Corporation Ltd	25	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
1F3	Noel Gifts International Ltd	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
40T	Stamford American International School	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
544	CSE Global Ltd	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
5AI	OKP Holdings Ltd	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
5TP	UMS Integration Ltd	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
A04	ASL Marine Holdings Ltd	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
A30	Asia Enterprises Holding Ltd	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
B61	Bukit Sembawang Estates Ltd	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
BHU	Dasin Retail Trust	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
BMGU	BHG Retail REIT	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
BTOU	Manulife US REIT	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
BUOU	Frasers Logistics & Commercial Trust	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
C8R	Jiutian Chemical Group Ltd	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
F10	Frasers Centrepoint Asset Management Ltd	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
M01	Great Eastern Holdings Ltd	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
MXNU	Elite Commercial REIT	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
MZH	Nanofilm Technologies International Ltd	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
NR7	NIO Inc	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
O5RU	AIMS APAC REIT	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
ODBU	United Hampshire US REIT	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
OXMU	Prime US REIT	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
S20	Straits Trading Company Ltd	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
T12	TSH Corporation Ltd	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
TS0U	OUE REIT	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
W05	Wing Tai Holdings Ltd	24	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
1F1	Clearbridge Health Ltd	20	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
C05	CDL Investments New Zealand Ltd	20	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
C33	Tat Seng Packaging Group Ltd	20	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
C76	Singapore Land Group Ltd	20	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
D5IU	Lippo Malls Indonesia Retail Trust	20	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
K03	Koda Ltd	20	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
L38	Leverage Shares PLC	20	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
P15	Pacific Century Regional Developments Ltd	20	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
P9D	Pan Jit International Inc	20	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
T55	Travelodge Hotels Asia Pte Ltd	20	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
E28	Frencken Group Ltd	19	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency
R14	Resources Prima Group Ltd	15	F	Board IndependenceMeeting AttendanceCredential DensityCommittee CoveragePay Transparency

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