A CORPORATE Governance Council, comprising members from the private and public sectors, will be set up to promote a high standard of corporate governance in companies listed in Singapore so as to maintain and enhance investors' confidence.

Mr Heng Swee Keat, Managing Director of the Monetary Authority of Singapore (MAS) announced this when he spoke at the 2009 Asian Investors' Corporate Governance Conference on Thursday.

Unlike the Corporate Governance Council (CCDG), which also has responsibility for promulgating accounting standards and improving disclosure practices, the new body will focus squarely on corporate governance matters, said Mr Heng.

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