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Rules work much better than persuasion: KPMG/ISCA study

But SGX prefers 'to raise the reward for good behaviour'

[SINGAPORE] Where risk management practices are concerned, a study has found that listed companies comply with rules far better than they do with best-practice guidelines. In the case of the Singapore Exchange's Listing Rule 1207 (10), 98 per cent of companies fell in with the requirement that