Shareholders shafted with planned changes to the Companies Act
Proposed amendments seem to favour established business and executives, not minority shareholders, in the latest parliamentary overhaul
After listening to days of parliamentary portfolio committee hearings it would be difficult not to assume that the proposed amendments to the Companies Act (2008) had been entirely about executive pay.
Apart from a brief nod to the disclosure of beneficial interests, the recent hearings at the parliamentary portfolio committee on trade, industry & competition dealt almost entirely with the likely impact of just two proposed amendments, both related to remuneration. ..
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