SingPost tightens up Board governance procedures

Singapore Post (SingPost) has announced that it is introducing a new code of business conduct and ethics for the company’s Board of Directors. The company has also established new policies that will govern directors conflicts of interest as well as Board renewal and tenure. These are intended to strengthen the corporate governance foundation of SingPost.

Mr Simon Israel, SingPost Chairman said, “The new code represents our commitment as directors of SingPost to the highest standard of business conduct and personal integrity.

“It is about substance over form and respect for the spirit of the code. The code sets the tone and will help frame the Board’s discussion of the recommendations from the Corporate Governance Review.”

The Nominations and Corporate Governance Committee will ensure compliance with the code. This committee was called the Nominations Committee, but the terms of reference have been amended to include oversight, development and renewal of the company’s corporate governance practices.