Trusts' corporate governance scores 'have stagnated or regressed'

Singapore

NETLINK NBN Trust has retained its No.1 spot in the Governance Index for Trusts (GIFT) 2020, although the overall average score for the sector has dropped, partly due to a raising of standards.

The GIFT ranking, a study of Singapore-listed trusts, was produced by Mak Yuen Teen, associate professor of accounting at the NUS Business School, and Chew Yi Hong, an active investor and keen observer of the corporate governance scene. The ranking debuted in 2017, and is supported by the Singapore Exchange (SGX).