Abstract
Institutional Shareholder Services annually undertakes a detailed review and analysis of the structure and composition of markets across the globe in the yearly Market IQ documents. The background document examines the history and structure of the market from a governance perspective, including regulatory regimes, voting hurdles and procedures, compensation practices and shareholder ability to opine, dissident rights, investor organizations, history, and much more. In 2015, the amendments made by the Singapore Parliament to the Companies (Amendment) Act 2014 will take effect. The amendments include provisions that will permit Singapore companies to issue shares with different voting rights (although such securities are still prohibited for listed companies), extend the duty of disclosure of conflicts of interests to CEOs, allow certain shareholders to appoint multiple proxies to attend and vote at shareholders’ meetings, and oversee premature auditor resignations at public interest companies.
