He also recommends that companies allowed to transfer to Catalist should be closely monitored after that, and should be required to continue to comply with applicable Mainboard rules for at least a reasonable specified period.
SINGAPORE (Jan 18): On Tuesday, corporate governance advocate Mak Yuen Teen, an associate professor of accounting at the NUS Business School, released a study arguing that the reputation of the Catalist board has been hurt by recent transfers of underperforming companies from the Mainboard.
In his report, Mak urges the Singapore Exchange to consider disallowing companies from transferring from the Mainboard to Catalist, except on an “exceptional basis”, after thorough review by the bourse.
