Enact new Companies Bill to introduce the following:
Extending the liability from existing negligence-based test to liability to shareholders for the damage RPT transaction would cause, based on economic harm.
Introducing provision for disqualification of director, if shareholders can make successful claim for damage due to RPT.
Requiring shareholders’ approval for introducing new shares.
Requiring consent of absolute majority for adding new member.
Introducing mandatory pre-emption right for members before sell of interest to outside parties.
Introducing mandatory statutory internal mechanism for resolving disagreements among members of a company.
2.
MoF-BSEC
Update Corporate Governance Guidelines in line with revised Companies Act
Issuing separate RPT Guideline, applicable for all companies.
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