Why firms need investor relations

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.