|Management should provide all members of the Board with management accounts and such explanation and information on a monthly basis and as the Board may require from time to time to enable the Board to make a balanced and informed assessment of the company's performance, position and prospects.|
This Guideline describes the duties of management in helping the Board with its duties to assess the company’s performance, position and prospects.
For the Board to be able to assess the company’s financial status and prospects, it would rely, in the first instance, on the information and recommendations of management. This Guideline requires management to facilitate this process by providing monthly management accounts with accompanying explanations and other information, including those specifically requested by directors, to all Board members.
The information to be provided by management should proactively be complete, adequate and given in a timely manner for the Board to make its assessment of the company’s performance, position and prospects.
B. SGX Disclosure Guide
C. Related Rules and Regulations
D. CG Guides
- Board Guide Appendix 6F: Board Control of Management [Board Relationships].
E. Related Articles
- “Back to basics: financial literacy for board members” by Barbara Voskamp. (446KB)
- “Achieving Quality Financial Statements” by Yeoh Oon Jin. (44KB)