Singapore Exchange Regulation (SGX RegCo) on Apr, 22 2026 proposed amendments to listing rules that would require issuers to improve disclosures on board and management remuneration, dividend policies and investor relations practices.
The consultation paper outlines four key changes: issuers must 1) explain in annual reports the key performance indicators that determine board and key management remuneration and how these align with long-term shareholder value creation, 2) maintain and describe a dividend policy in the annual report, 3) operate an investor engagement website, and 4) publish an investor relations policy on their websites and describe related engagement activities in annual reports.
These proposals complement the Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) Value Unlock programme, which provides grants and support to help companies understand valuation drivers and strengthen corporate strategy, capital management and investor relations. SGX has engaged more than 130 issuers under the programme, noting that about two-thirds of the largest Mainboard and Catalist companies currently lack public IR policies or disclosure of remuneration metrics linked to value creation.
SGX RegCo is accepting comments on the proposals until May, 22 2026. Subject to market feedback, the new rules would be phased in from Jan, 1 2027 and apply to annual reports for financial years starting on or after that date, with the first compliant reports expected in 2028.
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