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Sponsors' conflicts symptomatic of a bigger issue

Sponsors should be independent and free from conflicts of interest but this is debatable, given the current fees for sponsorship activities.

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SGX Regco should bar sponsors or their affiliates from providing services that pose a clear conflict of interest, such as corporate secretarial and investor relations services.

ON JAN 22, 2020, SGX Regco issued a Notice of Compliance (NOC) to RHT Capital (RHTC), a full sponsor on the Catalist board. This was for possible conflicts of interest relating to share registrar or investor relations services provided by RHT Corporate Advisory Pte Ltd (RCA) and RHT...

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