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Directors should be required to say if they will take part in cash calls

The advantages of the regulators making this mandatory outweigh the disadvantages, and will help develop a more informed, more empowered investing public.

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Unlike in Singapore, it is a common practice among listed companies on the London Stock Exchange to disclose their directors' intention to participate in the proposed fundraising.

PANDEMIC-hit Singapore Airlines undertook a massive S$15 billion fundraising exercise earlier this year. Readers may remember the extensive media coverage and online ads promoting the rights issue, which was oversubscribed. To the surprise of many, only six of the airlines' nine directors took...

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