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Taking steps for disclosure regime to work in Singapore

Actions of firms with poorer governance record will attract greater scrutiny from SGX.

There has been a movement in the UK and the European Union to move away from quarterly reporting in order to discourage short-termism. There is a school of thought that Singapore should do the same.

WE operate a disclosure-based regime, but it is not a one-size-fits-all regime. The disclosure-based regime originated in the United States where the market dynamics are very different from Singapore's. They have a higher proportion of institutional investors in the market, more dispersed...