Goldman Sachs – Singapore Equities Reform

The main theme of the report is the reform of the equities market in Singapore aimed at improving shareholder returns and enhancing disclosures.

Key findings include expectations for the next phase of reforms, which will involve improved disclosure requirements and prioritization of shareholder returns, supported by transparent key performance indicators (KPIs) and enforcement mechanisms. Corporate responses are expected to begin with enhanced disclosure of targets, followed by shareholder returns through buybacks/dividends and mergers and acquisitions (M&A).