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Nikkei Markets

SGX toughens stance amid governance complaints

Critics of disclosure-based regime point to shortcomings

SGX's stepped-up querying when it finds disclosures unclear or insufficient has yielded results in some instances.   © Reuters

SINGAPORE (Nikkei Markets) -- As complaints of poor corporate governance continue, the Singapore Exchange has stepped up its scrutiny of listed companies, underlining the challenges of dealing with errant companies under the current disclosure-based system.

Based on corporate filings, the bourse operator queried companies on more than 50 occasions in March, up from 12 in February.

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