In 2002, following amendments to the Companies Act, the Ministry of Finance established a Council on Corporate Disclosure and Governance (CCDG). The CCDG is responsible for updating the Code of Corporate Governance, and strengthening the framework on disclosure practices and reporting standards.

The Singapore Institute of Directors (SID) grew out of the 1997 Asian financial crisis to act as a forum for information relating to corporate governance and the professional development of responsible company directors.

The Accounting and Corporate Regulatory Authority (ACRA) works closely with SID and other professional organizations to maintain the standards of corporate governance in Singapore.