Regulatory Alerts2013-05-22
Appointment of Directors of Licensed Stockbrokers to Public Company Boards
The Securities and Exchange Commission of Ghana prohibits directors and executive officers of licensed stockbrokers from concurrently serving on the boards of listed or unlisted public companies to prevent conflicts of interest and market manipulation. Public companies are barred from accepting such appointments, while currently serving officers must resign by July 15, 2002, and formally notify the Commission. Violations by licensed operators, their officers, or public companies will trigger regulatory sanctions under the amended PNDCL 333.
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