24 Jan 2018
ISCA CEO, Mr Lee Fook Chiew, was quoted in The Business Times on the question of "Should Singapore retain quarterly reporting? Is market capitalisation a good basis on which to frame the QR rules? How should SGX balance concerns about compliance costs and disclosure standards?" This is what he has to share:
The intention of quarterly reporting is to provide investors with more up-to-date information. However, this comes at a cost to companies, in terms of resources deployed as well as devotion of management attention for this purpose. There is also the risk of companies undertaking this purely for compliance reasons, providing little additional information that is of value to investors. Ultimately, the key consideration in deciding whether to continue with quarterly reporting must be how companies can provide meaningful, relevant and valuable information to investors. - Lee Fook Chiew, Chief Executive Officer, Institute of Singapore Chartered Accountants (ISCA)
This article was first published in "Views From the Top" in The Business Times on 22 Jan 2018.
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