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Singapore Exchange Regulation (SGX RegCo) today launched the SGX Fast Track programme to recognise listed companies that have a good corporate governance standing and compliance track record.
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.
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.
Assessment of companies to be included or dropped from the programme will be subject to a continuous review and SGX RegCo reserves the right to make changes to the list of issuers.
The current list of SGX Fast Track issuers can be found here.
“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 Tan Boon Gin, CEO of SGX RegCo.
