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Excerpt from pg70 of SGX AR16:
After robust discussions, an overwhelming majority of the LAC members present voted in favour of permitting dual class share structures to list on SGX, subject to various corporate governance safeguards to mitigate the inherent risks of such a dual class share structure.
The envisaged dual class share structure listing framework is intended to enhance SGX’s attractiveness as a listing venue and to broaden and deepen Singapore’s capital market. Unlike many other countries, Singapore does not have a vast hinterland providing a continuous pipeline of IPO-ready listing applicants. The LAC understands the need for SGX to attract quality listings from both within and outside Singapore, including companies with a dual class share structure. Quality IPO listings, together with a well-regulated market will strengthen investor confidence and attract greater investor interest.
There are 16 members in the LAC, ranging from accountants, lawyers, listed CEOs (Ezra's Lionel Lee), bankers, private equity heads...and a certain head of SIAS, Mr David Gerald. I guess 1 of those dissenting ones would at least be Mr David Gerald i suppose?
After robust discussions, an overwhelming majority of the LAC members present voted in favour of permitting dual class share structures to list on SGX, subject to various corporate governance safeguards to mitigate the inherent risks of such a dual class share structure.
The envisaged dual class share structure listing framework is intended to enhance SGX’s attractiveness as a listing venue and to broaden and deepen Singapore’s capital market. Unlike many other countries, Singapore does not have a vast hinterland providing a continuous pipeline of IPO-ready listing applicants. The LAC understands the need for SGX to attract quality listings from both within and outside Singapore, including companies with a dual class share structure. Quality IPO listings, together with a well-regulated market will strengthen investor confidence and attract greater investor interest.
There are 16 members in the LAC, ranging from accountants, lawyers, listed CEOs (Ezra's Lionel Lee), bankers, private equity heads...and a certain head of SIAS, Mr David Gerald. I guess 1 of those dissenting ones would at least be Mr David Gerald i suppose?
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