Mr Banerjee says one needs "more than voting power to ensure good governance. Singapore has good security laws, shareholder activists, regulators, academics and media who can sound the alarm on such issues. There are good checks and balances - independent directors, for example, take their duties very seriously".
PHOTO: DON CHI/THE STRAITS TIMES
THOSE concerned that the Singapore Exchange (SGX) will experience a flurry of dual-class (DC) listings need not worry as the number is expected to be very small, while the overwhelming number of new listings is expected to be of the normal one-share, one-vote variety.