SPAC - Board Governance of Special Purpose Acquisition Companies




Course description

This course will delve into the specific roles and responsibilities of directors appointed to the board of a special purpose acquisition company (SPAC). A distinguished panel of speakers will highlight the audit and risk management issues of SPACs, and cover the SGX regulatory framework on SPACs. By examining the historical context and international experience of the SPAC and de-SPAC process, this session provides a useful background for directors and professionals supporting the board governance of SPACs.

Course objectives

  1. Outline the unique features of SPACs.
  2. Explain SGX SPAC listing framework.
  3. Highlight recent issues and de-SPAC experience of SPACs in the US.
  4. Outline the audit requirements and risk management of SPACs.
  5. Explain valuation triggers and requirements along the stages of a SPAC lifecycle.
  6. Describe the role and responsibilities of the board and directors in a SPAC, and highlight the key differences as compared to regular corporate boards.

Course outline

  1. An introduction of SPACs.
  2. SGX SPACs listing framework.
  3. US SPACs – Recent issues and de-SPAC experience.
  4. Audit requirements and risk management of SPACs.
  5. Valuation of target companies.
  6. Board and directors’ role in SPACs, including assessing suitability of target company.


Target audience

Aspiring, new and current directors on SPAC boards.

Course duration

Half day.


Presentation with case studies, with panel discussion and Q&A.

Course Fee

SID members: $486.00 (incl. 8% GST)
Non-members: $691.20 (incl. 8% GST)

SID members: $399.60 (incl. 8% GST)
Non-members: $604.80 (incl. 8% GST)

CPD hours

3 hours.