Author: Mak Yuen Teen

We suggest that remuneration disclosure rules be aligned with IPT rules and therefore, like IPTs, any amount exceeding $100,000 paid to controlling shareholders, directors or their associates should be disclosed in exact dollar terms. Unlimited band disclosures also have no place in a disclosure-based regime.

The SGX CEO remuneration should have a strong link to number of companies with governance failures and have implementable clawback provisions. SGX Regco must have a prominent seat at the table when discussing whether a company is allowed to list and must be prepared to enforce.

Departure of three independent directors, allegations of breach of directors’ duties and a lack of clarity from the board are cause for concern.

Can a retail company disclose the number of shoppers, including window shoppers, and then report average revenue per paying shopper?

By Mak Yuen Teen This is the last of my five articles on foreign listings on the SGX that discusses regulatory issues and corporate governance challenges that apply to such listings. In future articles, I plan to discuss further...