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Removal of one-share-one-vote rule

Different share classes allow public firms more flexibility in raising capital; offer investors a wider range of choices

Published Wed, Oct 8, 2014 · 09:50 PM

Singapore Parliament

Singapore

PUBLIC companies in Singapore will soon be able to offer shares with multiple voting rights, as parliament approved a bill on Wednesday resulting in the largest number of proposed reforms to the Companies Act since its enactment.

The Companies (Amendment) Bill proposed the removal of the one-share-one-vote restriction for public companies, to give them greater flexibility in raising capital, and provide investors with a wider range of investment opportunities.

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