Whole Section

  • 2.15 Directorship of SGX-ST Listed Company

    • 2.15.1

      A Chief Executive Officer or a Trading Representative may be appointed as a non-executive director of an SGX-ST listed company (but not as an executive director) subject to the following:

      (a) The Chief Executive Officer or Trading Representative must inform SGX-ST of the proposed appointment in writing at least 14 days before the effective date of appointment.
      (b) The Chief Executive Officer or Trading Representative must furnish SGX-ST at least seven days before the effective date of appointment with:
      (i) an explanation of how conflicts of interest that may arise from the dual appointments have been addressed; and
      (ii) an undertaking to disclose to customers the directorship as and when necessary for the discharge of the Chief Executive Officer's or Trading Representative's responsibilities.
      (c) The Trading Member must inform SGX-ST in writing at least seven days before the effective date of appointment that it is aware of the directorship and is satisfied that conflicts of interest have been sufficiently addressed.

      Added on 3 June 20193 June 2019.

    • 2.15.2

      Possible conflicts of interest that the Chief Executive Officer or Trading Representative may need to consider and address include but are not limited to:

      (a) how the Chief Executive Officer or Trading Representative would ensure unbiased advice and full disclosure to a customer of the Trading Member where the Chief Executive Officer or Trading Representative is in a position to influence the trading decision of the customers of the Trading Member; and
      (b) how the Chief Executive Officer or Trading Representative would fulfil his obligations to the SGX-ST listed company and the Trading Member where the Chief Executive Officer or Trading Representative possesses information about the SGX-ST listed company that is not generally available to the public and is in a position to influence research recommendations or corporate finance activities of the Trading Member.

      Added on 3 June 20193 June 2019.