Ang Mo Kio only town council to miss top rating in corporate governance report for FY2024

Ang Mo Kio only town council to miss top rating in corporate governance report for FY2024


SINGAPORE: All town councils, except Ang Mo Kio, achieved the top green rating for corporate governance in the latest management report released by the Ministry of National Development (MND) on Thursday (Dec 18).

The assessment covered the 17 town councils in the pre-General Election period, for the financial year from April 2024 to March 2025. GE2025 took place on May 3, 2025.

Ang Mo Kio Town Council was given an amber rating for FY2024 due to two cases of administrative oversight, said MND.

The town council did not publish changes to its re-appointed vice-chairperson and members in the Government Gazette by the statutory deadline, as required by the Town Councils Act. It published the re-appointments subsequently, according to the report.

The town council also did not complete the required fund transfers to its Lift Replacement Fund and Sinking Fund bank accounts for the first quarter of FY2024 by the statutory deadline, as mandated by the Town Councils Financial Rules. It made the transfers subsequently.



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