You are required to critically discuss the question below:

On 12 October 2015, the Straits Times reported that the Singapore Exchange (SGX) would be carrying out a review of how locally-listed companies are abiding by the "comply or explain" requirement in the Singapore Code of Corporate Governance (CG Code). Explain the rationale and motives of the Stock Exchange with respect to the review

Critically evaluate the works carried out by the Institute of Singapore Chartered Accountants (ISCA) in promoting corporate governance practices in Singapore

This work will require some research considering different perspectives which surround this question and provision of examples of where these concerns have been observed. The information for this assessment can come from a range of sources including appropriately referenced academic papers, regulatory sources and examples examined within the media. Building a link between the discussion and the wider academic literature is important.

Word count : 2000-2500 words.

Please make sure that the references are made in a generally acceptable (Harvard referencing style) format. The format of the work must include and introduction, a conclusion and references.