SGX RegCo, SID, CSIS Jointly Issue Standard for Providers of Virtual/Hybrid General Meeting Systems for SGX-listed Issuers

On 24 November 2022, the Singapore Exchange Regulation (“SGX RegCo“), the Singapore Institute of Directors (SID), and the Chartered Secretaries Institute of Singapore (CSIS) jointly issued a document on “Standard for Vendors of Virtual/Hybrid General Meeting Systems” (“Standard“) to help issuers listed on the Singapore Exchange Securities Trading Limited (“SGX-listed Issuers“) choose service providers for their virtual and hybrid general meetings (“GMs“). The Standard also aims to help SGX-listed Issuers meet SGX RegCo’s expectations regarding live engagement and voting at GMs which were set out the Regulator’s Column dated 23 May 2022, as well as the requirements of the relevant laws.

This Update outlines the key aspects of the Standard, and talks about the relevance to SGX-listed Issuers and how SGX-listed Issuers can ensure that their service providers of the Virtual/Hybrid GM Systems comply with the Standard.