Business
Governance issues dog SSX, NSX – The Australian Financial Review
The fight to become the preferred second board market in Australia has begun in earnest with a new strategy at the Sydney Stock Exchange. But both the SSX and its rival, the National Stock Exchange, are dogged by governance concerns.
The reputation of the SSX was sullied by the overwhelming number of companies listed on the exchange which breached listing requirements, failed to lodge accounts or were abandoned by their sponsoring law firms.
The SSX listing on Tuesday of junior explorer Torque Metals is a tribute to the work done over the past six months by Michael Go, who was hired last year by SSX owner George Wang to rebuild the exchange’s tattered credibility.
Wang realised he had to step aside as chairman of SSX in or…
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