Rewarding good corp governance is right move

EARLIER this month, the Singapore Exchange (SGX) joined other developed bourses in its move to reward listed companies with good corporate governance (CG) practices and compliance track records with accelerated approval for certain corporate actions.

Such companies will enjoy prioritised clearance for circulars, requests for waiver and applications for share placement. Selection for the SGX Fast Track programme will be based on a company's CG standards, compliance track record and quality of submissions.

Assessment of companies to be included or dropped from the programme will be subject to continuous review, with SGX Regulation (SGX Regco) reserving the right to make changes to the list.