IRMA-International.org: Creator of Knowledge
Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Ayondo Ltd. Corporate Governance Issues of First FinTech Company Listed on the Catalist Board of Singapore Exchange

Author(s): Paul N. C. Tiong (Coventry University, UK)
Copyright: 2024
Pages: 18
EISBN13: 9798369330814

Purchase


View Sample PDF


Abstract

Ayondo Ltd. (Ayondo) (now known as RSQ Technology Ventures GmbH) was the first financial technology (fintech) company to be listed on the Catalist Board of the Singapore Exchange (SGX) on 23 March, 2018. However, the company was suspended from trading on 1 February, 2019, less than a year after listing. This case highlights corporate governance issues related to Ayondo, and also, fintech companies in general, in the context of Singapore. Examples of issues discussed are the roles of (a) board of directors; (b) sponsor in listing; (c) auditors; (d) regulatory bodies; (e) investors. These issues have ramifications for stakeholders. This case also includes lessons gleaned from the corporate governance issues and some actionable recommendations. This case study covers only the corporate governance issues of Ayondo in the period leading up to its listing and shortly thereafter. It does not include other ongoing issues subsequent to the listing.

Related Content

Aditi Nag, Smriti Mishra. © 2023. 32 pages.
Miti Garg. © 2012. 11 pages.
Puja Roshani, Shivani Agarwal. © 2022. 16 pages.
Salma Ahmed. © 2014. 17 pages.
Nor Aida Abdul Rahman. © 2020. 17 pages.
Body Bottom