More than two decades after the Singapore stock exchange was corporatized and listed as the Singapore Exchange in 1999, investor protection in the financial hub remains low, said corporate governance advocate Professor Mak Yuen Teen.
That is because capital market regulation and enforcement in Singapore tends to be tilted towards business interests, over the interests of their investors, employees and consumers. He says that regulators have stepped up enforcement actions over the last two to three years, there is still no real improvement in investors’ ability to protect themselves.
