In this paper, we are setting out a package of measures designed to protect minority shareholders by giving them additional voting rights and greater influence over key decisions.
We have published a package of measures that will significantly enhance the protections for minority shareholders in premium listed companies where they are at risk of being abused by controlling shareholders. These changes will help us to meet our strategic objective of ensuring that markets work well by promoting the active engagement of shareholders with the companies they own.
This paper follows on from CP12/25 Enhancing the effectiveness of the Listing Regime, which was published by the Financial Services Authority in 2012, where we set out proposals to enhance the effectiveness of the Listing Regime. It covers:
This paper will interest:
This publication will also interest consumers who deal and invest in UK-listed securities either directly or indirectly through institutions. The policy proposals raise issues about the protection of investors.
Please send us your comments by 5 February 2014. Depending on the results of the consultation, we intend to implement the full and final package of measures in mid-2014.
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