MAS, SGX RegCo propose listing rule changes in pursuit of a vibrant, disclosure-based market
Institutional investors playing a key stewardship role, engaging with companies and pushing for higher standards, is part of the vision
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[SINGAPORE] Here’s how Warren Buffett described the purpose of his annual letter to shareholders of Berkshire Hathaway earlier this year: “As a public company, we are required to periodically tell you many specific facts and figures,” said the billionaire chairman and chief executive of Berkshire.
“In addition to the mandated data, we believe we owe you additional commentary about what you own and how we think. Our goal is to communicate with you in a manner that we would wish you to use if our positions were reversed – that is, if you were Berkshire’s CEO while I and my family were passive investors, trusting you with our savings.”
Berkshire has garnered a global investor following by delivering strong returns over a long period of time. Buffett’s clear and consistent communication of Berkshire’s objectives and its performance – on top of the disclosures it is legally required to make – have also undoubtedly helped build up the market’s trust and confidence in the company.
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