Governance and transparency index methodology and scorecard
The governance and transparency index (GTI) methodology and scorecard are now available for assessment.
The GTI, which was launched by the Business Times and the National University of Singapore's Corporate Governance and Financial Reporting Centre, assesses companies on financial transparency and corporate governance practices.
The GTI is much broader in scope and more dynamic with the ability to award companies bonus and penalty points, compared to the corporate transparency index which it replaces. Companies will receive points for following recommendations from the Code of Corporate Governance and penalties for poor governance practices.
An advisory panel has been established to advise on the methodology and to ensure the integrity of company GTI scores. The members of the advisory panel are:
Mr Andrew Kwek, CEO, head, Institutional Sales SE Asia, Deutsche Asset Management (Asia) Limited
Mrs Lee Suet Fern, senior director, Stamford Law Corporation
Mr Loh Hoon Sun, managing director, Philip Securities Pte Ltd
Mr Chaly Mah, president, CPA Australia Singapore division and CEO, Deloitte Asia Pacific
Mr Alvin Tay, editor, Business Times
The GTI, which is sponsored by CPA Australia, is released twice a year with the first issued in the first quarter of 2009. The second issue was launched recently covering companies with annual reports released between 1 January 2009 to 30 June 2009. The independence of independent directors and leadership renewal are key areas of concern of this study.
