The Singapore Exchange building in Singapore. Image used for representational purposes/Reuters
In a bid to bolster corporate governance practices and foster greater shareholder empowerment, the Singapore Exchange (SGX) is advocating for a significant rule change. The proposed alteration, announced on Tuesday, seeks to streamline the process for shareholders to convene special general meetings, marking a pivotal development in the landscape of corporate governance within the city-state.
What is the current landscape?
Presently, Singapore-listed companies operate without a regulatory mandate to heed shareholder calls for special general…