Why firms need investor relations
With mandatory quarterly reporting now abolished for most SGX firms, attention should be paid to engaging stakeholders.
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FROM Feb 7, mandatory quarterly reporting (QR) for the majority of the companies listed on the Singapore Exchange (SGX) became a thing of the past. This followed a considerable period of public consultation and deliberation by the Singapore Exchange Regulation (SGX RegCo).
The move represents a shift to adopt a new risk-based approach by the stock exchange. Henceforth, only companies that have a modified opinion from auditors on their latest financial statements will have to continue with QR. This includes companies whose auditors have expressed material uncertainty about the company as a going concern.
The risk-based approach will also apply to companies over which SGX RegCo has regulatory concerns that will have a "significant financial impact" on the firm.
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