Encouraging shareholder activism may help Singapore’s stock market

REVIEWS of shareholder activism are mixed, but in a market such as Singapore, more of such activity could be worth encouraging.

Second Minister for Finance Chee Hong Tat said recently in Parliament that the government “should not direct or interfere with GIC’s investment decisions”.

He was responding to a question on whether the government would “consider the suggestion from some industry players for GIC to allocate part of its investments to securities listed on the Singapore Exchange (SGX) to revitalise” the bourse.