Consultation Paper 21: Evaluating the Possibility of Establishing a Minority Investors’ Association for Public Listed Companies

SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC EC SEC EC SEC SEC SECURITIES AND EXCHANGE EC SEC COMMISSION OF SRI LANKA EC SEC EC SEC NOTICE EC SEC EC SEC CONSULTATION PAPER NO 21 EC SEC EC SEC EVALUATING THE POSSIBILITY OF ESTABLISHING A MINORITY EC SEC INVESTORS’ ASSOCIATION FOR INVESTORS OF PUBLIC LISTED COMPANIES EC SEC EC SEC A) Obtain the views and comments on establishing an Association for the Minority Investors. EC SEC EC SEC You are invited to comment on the following aspects of the proposal in this paper, during EC SEC which it is expected to obtain all concerned stakeholders views pertaining to the EC SEC formation of a Minority Investors Association to represent the concerns of the Minority EC SEC Investors and to protect their shareholders' rights and interests. We request you to EC SEC describe any alternative approaches you think would achieve our initiation. The SEC is EC SEC keen to fully understand and assess the financial and other impacts of our proposals and EC SEC any alternative approaches. EC SEC EC SEC Therefore, we would like to receive your views on inter-alia; EC SEC EC SEC Name for the Association, Mission, Objectives, Scope, Board composition and eligibility, EC SEC Legal personality, Organization Structure, Membership, Administration, Services offered, EC SEC Funding, Communication with members, Promoting whistleblower role and any other matters. EC SEC EC SEC B) Invite the former Executive Directors/Chairman of Listed Entities who have served more EC SEC than five years for a discussion to share ideas on the above proposal with a view to EC SEC encourage constructive dialog with public listed companies on matters concerning EC SEC minority shareholders whilst minimizing obstacles to PLCs operations and management. EC SEC EC SEC Please forward your willingness to take part and contribute to the above initiative along EC SEC with your contact details to the undersigned under the title "Minority Investors EC SEC Association". EC SEC EC SEC Disclaimer: EC SEC The contents of this paper do not constitute legal advice. The contents of the proposal EC SEC may change consequent to the comments the SEC receives and further deliberations or due EC SEC to any other reason connected with same. EC SEC EC SEC Comments received: EC SEC EC SEC Comments received may be publicly available and will not be treated as confidential EC SEC unless a special request is made in that respect. EC SEC EC SEC The SEC invites comments from the public to reach it on or before EC SEC 10th November 2014 via registered post/email addressed to EC SEC The Director Corporate Affairs EC SEC E-mail: harshana@sec.gov.lk, joelene@sec.gov.lk EC SEC Fax No: 011 2439149 EC SEC EC SEC Officer-in-Charge / Deputy Director General EC SEC The Securities and Exchange Commission of Sri Lanka EC SEC Level 28, East Tower, World Trade Centre EC SEC Echelon Square, Colombo 01. EC SEC EC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC SEC