Only 1 in 10 Singapore listcos shows how boards make major stakeholder decisions: study
The survey of 80 Singapore-listed firms also finds that large-cap companies outperform smaller enterprises in investor relations
ALTHOUGH the vast majority of Singapore-listed companies recognise that businesses should allocate more resources to engage their stakeholders, only 10 per cent provided case studies or examples to demonstrate how their boards considered major stakeholder decisions over the past year.
A new study, which surveyed 80 Singapore-listed companies on stakeholder engagement, also found that large-cap companies (55 per cent) outperformed smaller enterprises (19 per cent) in investor relations.
“This could be due to big companies having greater market influence and facing greater investor scrutiny,” said the report, which was published on Thursday (Jun 27).
