Dual-class shares more of a bane than boon to Singapore markets, finds survey

SINGAPORE (Dec 5): The introduction of dual-class shares (DCS) has damaged Singapore's regulatory creditability and contradicts investor stewardship, suggests findings from a report by the Asian Corporate Governance Association (ACGA) and CLSA Limited.

According to the ninth edition of CG Watch, a regional report jointly conducted by ACGA and CLSA on corporate governance (CG) in Asia-Pacific published every two years, Singapore is found to be a “contradictory city” for its mixed survey findings.