Why firms need investor relations
With mandatory quarterly reporting now abolished for most SGX firms, attention should be paid to engaging stakeholders.
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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