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SGX focuses on shareholder value as it proposes rules to facilitate shareholder-requisitioned meetings

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Raphael Lim

Raphael Lim

Published Tue, Apr 23, 2024 · 05:00 AM
    • “Companies need to hear what the market is asking for. At the same time, the market needs to reward the companies that listen and act. We have already seen some evidence of this,” says SGX RegCo's Tan Boon Gin.
    • “Companies need to hear what the market is asking for. At the same time, the market needs to reward the companies that listen and act. We have already seen some evidence of this,” says SGX RegCo's Tan Boon Gin. PHOTO: KUA CHEE SIONG, ST

    SINGAPORE Exchange Regulation (SGX RegCo) proposed new rules on Tuesday (Apr 23) requiring listed issuers to assist with enabling shareholder-requisitioned meetings, as part of a broader push on the importance of creating shareholder value.

    The frontline regulator is also working on other initiatives that are similarly focused on the creation of shareholder value, given that such concerns seem to be “front and centre” in investors’ minds.

    “We are working on improving the quality of the board, empowering shareholders, and changing market mechanisms to drive value-focused behaviour,” said Tan Boon Gin, chief executive of SGX RegCo during a press briefing at the launch of a public consultation on facilitating shareholder-requisitioned meetings.

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