Regulatory Alerts2014-10-21
Consultation Paper 21: Evaluating the Possibility of Establishing a Minority Investors’ Association for Public Listed Companies
The Securities and Exchange Commission of Sri Lanka issued Consultation Paper 21 to solicit stakeholder views on establishing a Minority Investors’ Association to protect shareholder rights. The regulator requests detailed feedback on the proposed association's structure, including its name, objectives, legal personality, funding, and governance mechanisms. Comments must be submitted by November 10, 2014, and the SEC also invites former executives of listed entities to participate in discussions regarding minority shareholder concerns.
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