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Comply or explain issue: try naming & shaming

Published Mon, Oct 19, 2015 · 09:50 PM
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WHEN it comes to certain aspects of corporate governance, the principle of self-regulation does not seem to have worked out all that well here.

As the Singapore Exchange's new chief regulatory officer Tan Boon Gin said last week, some listed companies still fail to meet a bourse rule to either comply with the local Code of Corporate Governance or explain why they do not. The SGX now plans to carry out a review of more than 550 mainboard-listed firms to check whether they "comply or explain" and engage errant firms one-on-one.

This rev…

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