Glass Lewis’ Proxy Season Review for Singapore provides in-depth analysis of key meetings, along with data illustrating recent shareholder voting and board composition trends and Glass Lewis’ Benchmark Policy recommendations for the 2023 AGM season.
Key Findings:
- Average board independence in Singapore is 49%.
- While Singapore’s Corporate Governance Code does not address the issue of gender diversity, civil society groups such as BoardAgender and the People’s Action Party Women’s Wing have encouraged companies to have at least 20% female board representation by 2020, and 30% by 2030.
- In 2023, Glass Lewis recommended voting against 88% of equity grant proposals, and 81% of equity plan/scheme proposals, a substantial increase from the prior year.
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Our teams are located in the United States, Europe, and Asia-Pacific giving us global reach with a local perspective. We cover 30,000+ meetings each year, across 100+ global markets.