Sustainability - a hot item on board agendas

In January, the Singapore Exchange released a proposed set of sustainability reporting guidelines. The new "comply or explain" approach and the reporting guidelines are expected to apply to companies from the financial year ending on or after Dec 31, 2017, with reports published from 2018. Thus, responsibility is placed on the board to consider sustainability issues as part of its strategic formula and the board is required to sign off the sustainability report. 

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