April 22 (Reuters) - Singapore Exchange SGXL.SI, the city-state's bourse operator, said on Wednesday it is seeking public feedback on proposed changes to rules that would require listed companies to enhance disclosures on executive pay, dividend and investor relations.
Here are some details:
The proposed rules will require listed companies to disclose in their annual reports the key performance indicators used to determine remuneration of the board and key management.
The proposed rules also will require firms to maintain and describe a dividend policy in their annual reports, along with other investor relations requirements.
The proposal builds on its Value Unlock Programme, a joint initiative with the Monetary Authority of Singapore aimed at developing clearer corporate and capital management strategies for listed companies.
Under the programme, firms may also receive financial grants to build capabilities in areas such as corporate strategy and investor relations, in return for stronger corporate practices and disclosures.
"Alongside the holistic support provided to companies for capacity building and value unlocking, we see room for disclosure requirements to level up," said Tan Boon Gin, CEO of Singapore Exchange Regulation (SGX RegCo), the regulatory arm of SGX.
SGX RegCo said it is seeking comments by May 22, 2026. If backed by the market, the changes would be rolled out in phases from January 1, 2027.
(Reporting by Sruthi Narasimha Chari in Bengaluru; Editing by Subhranshu Sahu)
((SruthiNarasimha.Chari@thomsonreuters.com))