Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Singapore
  4. Singapore Stock Exchange
  5. Singapore Exchange Limited
  6. News
  7. Summary
    S68   SG1J26887955

SINGAPORE EXCHANGE LIMITED

(S68)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Singapore Exchange Limited : SGX introduces new rules on poll voting and general meetings in Singapore

07/31/2013 | 08:35am EDT

Singapore Exchange (SGX) is pleased to introduce new listing rules to promote greater transparency in general meetings and support listed companies and trusts in enhancing their shareholder engagement. These new rules include (i) holding of general meetings in Singapore, (ii) voting by poll for all resolutions, and (iii) disclosures of relevant details on voting outcomes. Respondents from our earlier public consultation expressed strong support for the initiatives. The proposed rules were refined to take into consideration the constructive feedback received from the public as well as in consultation with the Monetary Authority of Singapore. The new rules apply to both Mainboard and Catalist companies and trusts.

"Regular communication with, and engagement of, shareholders are important components of good governance. We encourage listed companies and trusts to embrace greater shareholder participation at general meetings, dialogue with the Board and transparency and fairness of process," said Yeo Lian Sim, Chief Regulatory and Risk Officer, SGX.

Details of the new rules comprise:-

(i) Holding of General Meetings in Singapore to be effective 1 January 2014

All SGX primary listed companies and trusts will be required to hold their general meetings in Singapore to promote more active participation and engagement of shareholders. Where there are legal constraints preventing them from holding their general meetings in Singapore, they are advised to provide alternative modes of engagement such as webcast and information meetings so that public shareholders have access to the board and senior management. These requirements are found in SGX Listing Rule and Catalist Rule 730(A)(1) and Practice Note 7.5. 

(ii) Voting by Poll to be effective 1 August 2015

Listed companies and trusts will be required to conduct voting by poll where shareholders are accorded rights proportionate to their shareholding and all votes are counted. The new rule will enhance transparency of the voting process and encourage greater shareholder participation.

Shareholders who are unable to attend the meetings can cast their votes through proxies to participate in the outcome of shareholders' resolutions.

Companies and trusts are advised to review their articles of association or constituent documents ("Constituent Documents") in preparation for the adoption of poll voting. Where the Constituent Documents consist of any provisions that contravene the new rules, issuers are required to obtain shareholders' approval for amendment of these Constituent Documents to align the relevant provisions with the requirements under the new SGX Listing Rule and Catalist Rule 730(A)(2).                      

(iii) Disclosure of Voting Outcomes to be effective 1 August 2015

Listed companies and trusts will have to make prompt disclosure of the voting decisions and outcomes. This will improve the quality of information disseminated to all shareholders. The enhanced disclosure is aligned with the expectations of the revised Code of Corporate Governance 2012.

Listed companies and trusts have a two-year period to implement the poll voting processes and disclosure of voting outcomes. SGX encourages all companies and trusts to adopt voting by poll, as soon as practicable, as their commitment to strengthen their corporate governance practice.  The new rules are found in SGX Listing Rule 704(16) and Catalist Rule 704(15).

For more details of the new rules, visit SGX's website at www.sgx.com.

-End-

distributed by

© Publicnow 2013
All news about SINGAPORE EXCHANGE LIMITED
05/06Singapore Exchange Rejects Sinopipe's Appeal Seeking Extension of Time for Te..
MT
05/06Singapore Exchange Regulation to Use AI to Improve Oversight of Companies
MT
05/06SHEN YAO  : Proposes to Adopt New Performance Share Plan; Shares Soar 17%
MT
05/06YONGNAM  : Singapore Bourse Allows Yongnam to List New Shares
MT
05/05FABCHEM CHINA  : Appoints Financial Adviser for $19 Million Takeover, Listing Tr..
MT
05/05SINGAPORE EXCHANGE LIMITED : Ex-dividend day for interim dividend
FA
05/04ASCENDAS REAL ESTATE INVESTMENT TRUS : REIT Closes $315 Million Placement; Share..
MT
05/03Singapore Exchange Regulation to Delist China Paper
MT
05/03Winmark Investment Receives Delisting Notice from Singapore Exchange
MT
04/29ALPHA DX  : to Acquire ERC Institute for $18 Million
MT
More news
Financials
Sales 2021 1 079 M 813 M 813 M
Net income 2021 462 M 348 M 348 M
Net cash 2021 808 M 609 M 609 M
P/E ratio 2021 23,6x
Yield 2021 3,20%
Capitalization 10 924 M 8 188 M 8 228 M
EV / Sales 2021 9,37x
EV / Sales 2022 8,94x
Nbr of Employees 968
Free-Float 76,3%
Chart SINGAPORE EXCHANGE LIMITED
Duration : Period :
Singapore Exchange Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SINGAPORE EXCHANGE LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 10,54 SGD
Last Close Price 10,21 SGD
Spread / Highest target 21,0%
Spread / Average Target 3,22%
Spread / Lowest Target -23,6%
EPS Revisions
Managers and Directors
NameTitle
Boon Chye Loh CEO & Non-Independent Executive Director
Yao Loong Ng Chief Financial Officer
Chong Seng Kwa Non-Executive Chairman
Tinku Gupta Chief Technology Officer & Senior MD
Nico Torchetti Head-Operations & Market Services
Sector and Competitors
1st jan.Capitalization (M$)
SINGAPORE EXCHANGE LIMITED10.02%8 188
HONG KONG EXCHANGES AND CLEARING LIMITED9.88%76 098
INTERCONTINENTAL EXCHANGE, INC.-1.45%63 941
LONDON STOCK EXCHANGE PLC-21.18%54 859
DEUTSCHE BÖRSE AG-0.54%30 642
NASDAQ, INC.23.23%26 845