The
Association of British Insurers published a report today titled
Encouraging Equity Investment, Facilitation of Efficient Equity Capital Raising in the UK Market: see
here (
pdf). Many recommendations are made including some regarding governance and, in section 3.4 of the report, it is argued that the governance standards of companies with controlling shareholders should be increased. In this regard some suggestions are given including imposing certain compliance responsibilities directly on controlling shareholders and making them liable for the prospectus at IPO for companies seeking a
Premium listing.
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