{"id":3502,"date":"2024-06-04T17:02:26","date_gmt":"2024-06-04T09:02:26","guid":{"rendered":"https:\/\/bschool.nus.edu.sg\/cgs-qat\/?page_id=3502"},"modified":"2026-07-10T10:47:28","modified_gmt":"2026-07-10T02:47:28","slug":"asean-corporate-governance-initiative","status":"publish","type":"page","link":"https:\/\/bschool.nus.edu.sg\/cgs\/applied-research-in-corporate-governance\/asean-corporate-governance-initiative\/","title":{"rendered":"ASEAN CORPORATE GOVERNANCE INITIATIVE"},"content":{"rendered":"\n<section class=\"masthead-small-text-left alignfull mastheadWrapper position-relative mb-3\" id=\"masthead-small-text-left-block_f3ac04e36cb40fd932ace01b25f4ec1f\">\n\t<div class=\"masthead-sm\">\n\t\t<div class=\"item\" style=\"background:url(https:\/\/bschool.nus.edu.sg\/cgs\/wp-content\/uploads\/sites\/145\/2024\/06\/cgsheader.png) no-repeat center\/cover\">\n\n\t\t\t<div class=\"masthead-sm-img d-block d-xl-none\" style=\"background-image:url(https:\/\/bschool.nus.edu.sg\/cgs\/wp-content\/uploads\/sites\/145\/2024\/06\/cgsheader.png)\"><\/div>\n\n\t\t\t<div class=\"d-flex flex-column justify-content-center masthead-text text-white\">\n\t\t\t\t\t\t\t\t\t<h1 class=\"mastheadTitle fw-bold text-uppercase\">ASEAN CORPORATE GOVERNANCE INITIATIVE<\/h1>\n\t\t\t\t\t\t\t\t<p>The ASEAN Capital Markets Forum Working Group D is responsible for the ASEAN Corporate Governance Initiative, comprising the ASEAN Corporate Governance Scorecard (ACGS) and the ranking of ASEAN public-listed companies. Developed by a group of regional corporate governance experts with seed funding from the Asian Development Bank, the ACGS is a tool for ASEAN companies to improve their corporate governance practices and increase their visibility and investment attractiveness to global investors. Regulators can also use the ACGS results as a reference tool when reviewing corporate governance rules and guidelines. Each jurisdiction appoints a Domestic Ranking Body to carry out the domestic ranking exercises and participate in regional ranking exercises for ASEAN public-listed companies.<\/p>\n\n\t\t\t\t\t\t\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n\n\n\t<nav class=\"secondary-menu alignfull navbar navbar-expand-lg bg-blue mb-3\" aria-label=\"Menu\"\n\t\tid=\"agbiz-secondary-navbar-1\">\n\t\t<button class=\"navbar-toggler py-3 w-100 text-white bg-orange rounded-0\" type=\"button\" data-bs-toggle=\"collapse\"\n\t\t\tdata-bs-target=\"#secondary-menu-block_41074e790ed73f02ef94811a09fa5e36\" aria-controls=\"secondary-menu-block_41074e790ed73f02ef94811a09fa5e36\"\n\t\t\taria-expanded=\"false\" aria-label=\"Toggle navigation\">\n\t\t\tMenu <i class=\"bi bi-list\"><\/i>\n\t\t<\/button>\n\n\t\t<div class=\"container-fluid\">\n\t\t\t<div class=\"collapse navbar-collapse justify-content-md-center\" id=\"secondary-menu-block_41074e790ed73f02ef94811a09fa5e36\">\n\t\t\t\t<ul class=\"navbar-nav\">\n\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"nav-item\">\n\t\t\t\t\t\t\t\t<a class=\"nav-link\" aria-current=\"page\" href=\"https:\/\/bschool.nus.edu.sg\/cgs\/\"\n\t\t\t\t\t\t\t\t\ttarget=\"\">\n\t\t\t\t\t\t\t\t\tHome\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"nav-item dropdown position-static\">\n\t\t\t\t\t\t\t\t<a class=\"nav-link dropdown-toggle\" href=\"#\" id=\"agbiz-secondary-navbar-1-dropdown-1\"\n\t\t\t\t\t\t\t\t\tdata-bs-toggle=\"dropdown\" aria-expanded=\"false\">About Us<\/a>\n\n\t\t\t\t\t\t\t\t<div class=\"dropdown-menu w-100\" aria-labelledby=\"agbiz-secondary-navbar-1-dropdown-1\">\n\t\t\t\t\t\t\t\t\t<div class=\"container\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-lg-4 mb-4\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"d-flex flex-column\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/about-us\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">What We Do<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/about-us\/collaboration-opportunities\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">Collaboration<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/timeline-history\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">CGS Sustainability Milestones<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/about-us\/job-openings\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">Job Openings<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"nav-item dropdown position-static\">\n\t\t\t\t\t\t\t\t<a class=\"nav-link dropdown-toggle\" href=\"#\" id=\"agbiz-secondary-navbar-1-dropdown-2\"\n\t\t\t\t\t\t\t\t\tdata-bs-toggle=\"dropdown\" aria-expanded=\"false\">Our People<\/a>\n\n\t\t\t\t\t\t\t\t<div class=\"dropdown-menu w-100\" aria-labelledby=\"agbiz-secondary-navbar-1-dropdown-2\">\n\t\t\t\t\t\t\t\t\t<div class=\"container\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-lg-4 mb-4\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"d-flex flex-column\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/people\/advisory-board\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">Advisory Board<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/administrative-and-research-team\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">Administrative and Research Team<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/academic-fellows\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">Academic Fellows<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/affiliated-faculty\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">Affiliated Faculty<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"nav-item dropdown position-static\">\n\t\t\t\t\t\t\t\t<a class=\"nav-link dropdown-toggle\" href=\"#\" id=\"agbiz-secondary-navbar-1-dropdown-3\"\n\t\t\t\t\t\t\t\t\tdata-bs-toggle=\"dropdown\" aria-expanded=\"false\">Research<\/a>\n\n\t\t\t\t\t\t\t\t<div class=\"dropdown-menu w-100\" aria-labelledby=\"agbiz-secondary-navbar-1-dropdown-3\">\n\t\t\t\t\t\t\t\t\t<div class=\"container\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-lg-4 mb-4\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"d-flex flex-column\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/applied-research-in-corporate-governance\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">Applied Research in Corporate Governance<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/applied-research-in-corporate-sustainability\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">Applied Research in Corporate Sustainability<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/academic-journal-papers\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">Academic Journal Papers<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/case-studies-and-other-reports\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">Case Studies and Reports<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"nav-item dropdown position-static\">\n\t\t\t\t\t\t\t\t<a class=\"nav-link dropdown-toggle\" href=\"#\" id=\"agbiz-secondary-navbar-1-dropdown-4\"\n\t\t\t\t\t\t\t\t\tdata-bs-toggle=\"dropdown\" aria-expanded=\"false\">Thought Leadership<\/a>\n\n\t\t\t\t\t\t\t\t<div class=\"dropdown-menu w-100\" aria-labelledby=\"agbiz-secondary-navbar-1-dropdown-4\">\n\t\t\t\t\t\t\t\t\t<div class=\"container\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-lg-4 mb-4\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"d-flex flex-column\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/cgs-insights\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">CGS Insights<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/podcast\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">CGS Podcast<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/awards-and-programmes\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">Awards and Programmes<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"nav-item dropdown position-static\">\n\t\t\t\t\t\t\t\t<a class=\"nav-link dropdown-toggle\" href=\"#\" id=\"agbiz-secondary-navbar-1-dropdown-5\"\n\t\t\t\t\t\t\t\t\tdata-bs-toggle=\"dropdown\" aria-expanded=\"false\">CGS in the Media<\/a>\n\n\t\t\t\t\t\t\t\t<div class=\"dropdown-menu w-100\" aria-labelledby=\"agbiz-secondary-navbar-1-dropdown-5\">\n\t\t\t\t\t\t\t\t\t<div class=\"container\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-lg-4 mb-4\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"d-flex flex-column\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/articles\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">Articles<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/media\/news-reports\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">News Reports<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/newsletters\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">Newsletters<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"nav-item dropdown position-static\">\n\t\t\t\t\t\t\t\t<a class=\"nav-link dropdown-toggle\" href=\"#\" id=\"agbiz-secondary-navbar-1-dropdown-6\"\n\t\t\t\t\t\t\t\t\tdata-bs-toggle=\"dropdown\" aria-expanded=\"false\">WEGA<\/a>\n\n\t\t\t\t\t\t\t\t<div class=\"dropdown-menu w-100\" aria-labelledby=\"agbiz-secondary-navbar-1-dropdown-6\">\n\t\t\t\t\t\t\t\t\t<div class=\"container\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-lg-4 mb-4\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"d-flex flex-column\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/wega\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">Well-being and EESG Alliance (WEGA)<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/wega\/research-and-education\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">Research and Education<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/wega\/activities\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">Activities<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/wega\/partners\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">Founding Partners<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/wega\/our-team\/\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttarget=\"\">Our Team<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/nav>\n\n\n\n<div class=\"container breadcrumb-wrapper\">\n\t<div class=\"breadcrumb mt-3\"><span><span><a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/\">Home<\/a><\/span><\/span><\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center has-blue-color has-text-color\"><strong>ASEAN Corporate Governance Scorecard Ranking Results<\/strong><\/h2>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n\t<section class=\"button-group alignfull py-3 py-lg-4\" id=\"button-group-block_715dbe71712965884e2f1aea83351321\">\n\t\t<div class=\"container\">\n\t\t\t<div class=\"d-flex flex-column flex-sm-row justify-content-center\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.theacmf.org\/images\/downloads\/pdf\/ACGS%20version%202_revised0324%20(200324).pdf\" target=\"_blank\"\n\t\t\t\t\t\tclass=\"btn btn-primary mx-sm-2 mb-2 mb-sm-0\">ACGS Methodology 2024<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/wp-content\/uploads\/sites\/145\/2026\/06\/2024-ACGS-Country-Reports-and-Assessments_SG-only.pdf\" target=\"_blank\"\n\t\t\t\t\t\tclass=\"btn btn-primary mx-sm-2 mb-2 mb-sm-0\">ACGS Ranking Results (Singapore)<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bschool.nus.edu.sg\/cgs-qat\/asean-corporate-governance-initiative\/asean-corporate-governance-scorecard-acgs\/\" target=\"_blank\"\n\t\t\t\t\t\tclass=\"btn btn-primary mx-sm-2 mb-2 mb-sm-0\">ACGS Past Ranking Results, Research Reports and Presentations<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/section>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/wp-content\/uploads\/sites\/145\/2026\/07\/ACGS-Briefing-Slides_9-July-2026.pdf\"><img loading=\"lazy\" decoding=\"async\" width=\"969\" height=\"511\" src=\"https:\/\/bschool.nus.edu.sg\/cgs\/wp-content\/uploads\/sites\/145\/2026\/07\/Cover_ACGS-briefing_9-July-2026.png\" alt=\"\" class=\"wp-image-17863\" srcset=\"https:\/\/bschool.nus.edu.sg\/cgs\/wp-content\/uploads\/sites\/145\/2026\/07\/Cover_ACGS-briefing_9-July-2026.png 969w, https:\/\/bschool.nus.edu.sg\/cgs\/wp-content\/uploads\/sites\/145\/2026\/07\/Cover_ACGS-briefing_9-July-2026-300x158.png 300w, https:\/\/bschool.nus.edu.sg\/cgs\/wp-content\/uploads\/sites\/145\/2026\/07\/Cover_ACGS-briefing_9-July-2026-768x405.png 768w\" sizes=\"auto, (max-width: 969px) 100vw, 969px\" \/><\/a><\/figure>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/bschool.nus.edu.sg\/cgs\/wp-content\/uploads\/sites\/145\/2026\/06\/2024-ACGS-Country-Reports-and-Assessments.pdf\"><img loading=\"lazy\" decoding=\"async\" width=\"283\" height=\"400\" src=\"https:\/\/bschool.nus.edu.sg\/cgs\/wp-content\/uploads\/sites\/145\/2026\/06\/Untitled-design-19.png\" alt=\"\" class=\"wp-image-17825\" srcset=\"https:\/\/bschool.nus.edu.sg\/cgs\/wp-content\/uploads\/sites\/145\/2026\/06\/Untitled-design-19.png 283w, https:\/\/bschool.nus.edu.sg\/cgs\/wp-content\/uploads\/sites\/145\/2026\/06\/Untitled-design-19-212x300.png 212w\" sizes=\"auto, (max-width: 283px) 100vw, 283px\" \/><\/a><\/figure>\n<\/div><\/div>\n<\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<section class=\"textContent mb-4 mb-lg-5\">\n  <div class=\"container\">\n    <div class=\"col-xl-12 mx-auto\">\n      <p><strong>This project is done in partnership with:<\/strong><\/p>\n<p><img decoding=\"async\" class=\"img-responsive\" src=\"http:\/\/bschool.nus.edu.sg\/cgs\/wp-content\/uploads\/sites\/7\/2018\/10\/SID-logo-700x708.jpg\" width=\"200\" \/><\/p>\n<p><em>Disclaimer: This ASEAN Scorecard (Singapore) project has been produced independently by a team of CGS researchers. This project is not an offer for corporate governance consultancy. Partners, directors, members or employees of CGS, NUS Business School and Singapore Institute of Directors may serve on the board of directors of companies assessed but they are not directly involved in the ranking assessment. The information and statistics are prepared by CGS from publicly available material on the basis that such information is accurate and complete. Such information and the statistics expressed are subject to change without notice.<\/em><\/p>\n    <\/div>\n  <\/div>\n<\/section>","protected":false},"excerpt":{"rendered":"<p>ASEAN Corporate Governance Scorecard Ranking Results<\/p>\n","protected":false},"author":799,"featured_media":0,"parent":2751,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-3502","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ASEAN CORPORATE GOVERNANCE INITIATIVE - Centre for Governance and Sustainability (CGS)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bschool.nus.edu.sg\/cgs\/applied-research-in-corporate-governance\/asean-corporate-governance-initiative\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASEAN CORPORATE GOVERNANCE INITIATIVE - 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