Author: Mak Yuen Teen

To be honest, I feel that SGX Regco is so busy with these market-friendly initiatives that I am worried that it is neglecting its regulatory role, as we have yet to hear of any new initiatives to improve enforcement.

To an investor, whether directors or their companies have been subjected to regulatory action is important information. I certainly look at this when companies announce the appointment of directors.

It may be time for me to write another paper on this subject again and to review our enforcement of rules. However, I am not sure if my conclusion will still be that “enforcement actions have generally been prompt”.

If a company or someone chooses to pay bribes, it is their choice and they should face the consequences if they are caught. But they should not brazenly proclaim that they have integrity if they do so. That’s just hypocrisy.

Those paying higher director and key management remuneration tend to be less transparent