Tweaks to the scoring for governance index prepare trusts for more volatile weather

Rankings in GIFT 2020 place less focus on pure disclosure and meeting standards, and more on substance.

Published Wed, Oct 14, 2020 · 09:50 PM

IN our article "A refined 'GIFT' for a changed world" (The Business Times, July 21), we discussed many of the refinements and changes we intended to make to the Governance Index For Trusts (GIFT) 2020.

Given that the sector has matured and its risk profile is changing, it is timely to raise the bar, with less focus on pure disclosures and meeting minimum standards, and more on substance. It is important that the good work that the Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX) have done in building up the sector is not undermined by cases such as Eagle Hospitality Trust (EHT).

Who's included