SGX proposes rule change on shareholder meetings

Tighter rules: A file photo of the SGX Centre in Singapore. The proposed rule change is part of SGX’s efforts to improve the securities market. — Bloomberg

SINGAPORE: Listed companies may soon need to start making efforts to facilitate general meetings within 21 days of shareholders delivering a requisition notice, under a change proposed by the Singapore Exchange Regulation (SGX RegCo).

If the company disputes the validity of the requisition notice, it must apply for a court ruling within the same timeline, the regulatory arm of Singapore Exchange (SGX) said on April 23.