Yushui Village in Lijiang, Yunnan, with snow mountain backdrop and cascading waterfalls.
11/05/2014
SGX to mandate sustainability report
A long and beautiful article on the great things the SGX will be doing to make it the best bourse in the world by Jessica Cheam, like all the great things it introduced to increase market volume, participation and trading activities came out last week. I read and read and it sounded so beautiful that I knew it was on the right track. So I knew I don’t have to waste time reading further. The sustainability report is the thing to turn SGX around.
What is this sustainability report about? In brief, ‘it requires a company to measure and report on the environmental and social impact of its business on top of its financial and governance performance, which is already part of the regulatory disclosure practised today…includes a wide range of issues such as biodiversity loss and green house gas emissions(environmental); workplace health and safety and employee relations(social); and bribery, corruption and business ethics(governance).’
Put it simply, it is like dressing up a model with the best protective gear ala the Ebola health workers, plus the best makeup on a super model. All the best protection gears needed but without knowing that the worker is already infected by the virus and dying.
How could this sustainability report help to bring the market to life? Or does the SGX know why the market is dying or already collapsed through lack of real investor participation? The industry is going kaput, and is this sustainability report another sophisticated window dressing like all the new dressings!
Now you know why I gave up reading half way? I would like to take a bet that the market will get worse with this sustainability report, like all the no lunch breaks, smaller bid size, smaller lot size etc etc. It is not going to work and it is not going to bring the market anywhere except down.
This is just my view. Please feel to disagree, especially the experts who know better.
Kopi Level - Blue, Thank you.
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6 comments:
YES!
We can be best bourse in the
world....
BUT.......
The mgt must first know exactly
what investors needs and issues
facing investors....
The mgt can then introduce
changes that investors really
really needs and NOT changes that
what the mgt thinks the investors
needs...
It is just so simple.... Get the
right people......
This is only the sustainable way
going forward.....
Cheers.....
just look at our stock market.....
some stocks "wild swings" for no reason.....
in hokkien we call this "very eat strength"
you tell me who dares to invest...
rather put $$$$$$ in the banks to earn very low interests but can preserve $$$$$.....
what say U......
ha ha ha .......
Our local stock market is finished or dying like our beloved mentor. It is run by people who just don't understand the workings of the stock market.
No big decent companies come to list, on the other hand, those companies that feel they deserve better just de-list themselves and go elsewhere! Yet, we keep saying we are regional financial market.
Our stock exchange is like a kampong stock market. Whole-day no-lunch break trading volume is even less than the half-day trading volume in the Taiwan stockmarket.
How long can they hold on living on a lie?
Just some excuses for someone to earn big time fees and commissions doing nothing. That someone must be related to one of those mafia ministers.
sustainability report.
another wayang.
like rearranging the deck chairs on the Titanic.,,, which does not address the real problem of the approaching ice berg.
sending the cow to east coast grc and the soldier boy to sembawang grc.
does this any real problems?
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