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Companies

Corporate governance failings put SGX on brink of 'death spiral'

Slew of Singapore-listed companies called out for questionable standards

  © Reuters

SINGAPORE -- Lax corporate governance and poor enterprise management of public companies listed on the Singapore stock exchange has put SGX, operator of the bourse, on the verge of terminal decline, according to a leading accounting expert.

Professor Mak Yuen Teen, an associate professor of accounting at the National University of Singapore Business School and founder of Singapore's first corporate governance center, said the current run of poor listings is creating a vicious cycle.

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