Which principle is NOT part of the requirements for a premium listing?

A premium listing provides a higher level of regulatory scrutiny and aims to ensure that companies adhere to specific high standards of corporate governance and transparency. Each of the requirements for a premium listing is aimed at protecting shareholders and ensuring the integrity and transparency of the market.

The principle that shareholders must receive special privileges is not part of the requirements for a premium listing. The focus of the requirements is on ensuring that all shareholders are treated fairly and equitably without granting preferential treatment to any group of shareholders. Generally, good corporate governance principles emphasize equality among shareholders, meaning that privileges cannot be conferred based solely on share ownership or other factors that create an imbalanced influence or control.

In contrast, the principles that require directors to understand their responsibilities, maintain open communication with regulatory authorities, and uphold proper procedures and systems are crucial for fostering accountability and promoting good governance practices within premium-listed companies. These principles ensure that companies operate with integrity and transparency, which ultimately benefits all stakeholders involved.