9-year threshold for IDs: Limited pool a hurdle to board renewal

Singapore

IT has been more than a year since the Monetary Authority of Singapore (MAS) made the nine-year threshold for independent directors (IDs) a hard limit written into the Singapore Exchange (SGX) Listing Rules, and the issue remains a nagging concern for listed companies and the frontline regulator.

On Thursday, the Singapore Board of Directors Survey 2019 showed some 43 per cent of respondent compan…