Elephant in the room: 'Change of control' situations
ON Oct 4, 2018, Chip Eng Seng Corporation (CES) received a trading query from SGX Regco after its share price had risen from the low 80 cents range in early September to as high as 96.5 cents on increasing volumes.
Corporate governance: more teeth and substance needed
ON April 24, 2019, Chip Eng Seng Corporation (CES) announced that it had received a query from Singapore Exchange Securities Trading (SGX-ST) the day earlier regarding the disclosure of remuneration in its FY2018 annual report.
Many SGX-listed firms not getting Internal Audit right
On August 6, 2018, a revised Code of Corporate Governance was released by the Monetary Authority of Singapore (MAS) and certain corporate governance practices were made mandatory for all listed companies through changes to the listing rules of the Singapore Exchange (SGX). Starting from January...
Newcomers up the ante in governance index for trusts
THE third edition of the Governance Index for Trusts (GIFT) assesses the governance and business risk of 46 real estate investment trusts (Reits) and business trusts (BTs) listed on the Singapore Exchange (SGX).