SGX RegCo launches list for firms with good corporate governance

Companies will have prioritised clearance for corporate action submissions to the regulator.

Singapore Exchange Regulation (SGX RegCo) launched the SGX Fast Track programme to recognise listed companies that have a good corporate governance standing and compliance track record.

According to an announcement, the selection of companies for the SGX Fast Track programme will be based on “internal and external criteria focused on corporate governance standards, their compliance track record and quality of their submissions.”

The exchange noted that the assessment of companies to be included or dropped from the programme will be subject to a continuous review. SGX RegCo reserves the right to make changes to the list of issuers.

Companies in the programme will have prioritised clearance for selected corporate action submissions to SGX RegCo. “Examples of these submissions include circulars, requests for waiver and applications for share placement,” the exchange added.

SGX RegCo CEO Tan Boon Gin said, “Encouraging companies to achieve good corporate governance standing is just as important, if not more, than disciplining those that fall short. SGX Fast Track companies and their shareholders will benefit from faster time-to-market for key corporate actions. We hope this programme will motivate more companies to pursue higher CG standards, a better compliance track record and quality submissions to the exchange,” said.

The SGX Fast Track list already has 60 entries as of writing.