SGX consults public on possible introduction of dual-class share structure

SINGAPORE (Feb 16): The Singapore Exchange (SGX) has launched a public consultation on whether it should introduce dual class share (DCS) structure where certain shares have higher voting rights than others.

The consultation will be open for two months.   

In an aftermarket announcement on Thursday, the bourse details that its consultation is also seeking feedback on possible safeguards, such as an admission criteria over and above current Mainboard perquisites; prohibiting the issuance of multiple vote (MV) shares by a company that is already listed; and subjecting the appointment of independent directors to a vote where both MV shares and one-vote (OV) shares are treated equally, among others.

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