Singapore's Ministry of Health ( MOH) announced some measures Friday to tighten supervision over its Institute of Public Charters (IPCs) including charities.

The MOH said in a statement that it will publish on its website a full list of the 100 IPCs, which are under its supervision, to show the public their most recent key data such as annual income and expenditure, as well as size of reserves.

"The MOH will develop tiered regulatory policies according to the size of the IPCs' annual income," the statement said.

Apart from issuing a circular on the responsibilities and duties of Board Directors to all the 100 IPCs on Friday, the MOH said that it will appoint a public accounting firm in due course to assess the corporate governance situation of the 14 largest ones.

The ministry also asked the 14 IPCs to provide the MOH with such information as the annual compensation received by their key officers and their contracts of more than 1 million Singapore dollars (about 600,000 US dollars) which "any of their Board Directors and key officials have a stake in".

The recent revelation of the financial scandal of Singapore's National Kidney Foundation (NKF) has propelled regulators into reviewing the regulatory regime on voluntary welfare organizations in the city state.

Source: Xinhua