market confidence and business integrity, which in turn is essential for companies that need access to equity capital for long term investment. Access to equity capital is particularly important for future
possible limit of individual freedom, regulation is essential to uphold market credibility and orderliness. Yet, the regulator’s exercising of power must be prudent, fair and only as necessary to protect the
technology and international co-operation among relevant authorities. Managers, board members, and controlling shareholders should disclose structures that give insiders control disproportionate to their
Introduction Good corporate governance (CG) is an essential characteristic of listed companies. Having good CG means that the company has efficient, transparent, and auditable management systems that create
Early this year, SEC held public hearings to obtain views on establishing rules that require companies issuing IPOs to disclose information related with the offering for sale of their securities
notification is implemented/enforced practically, transparently and effectively. 10. Seek approval from SEC Board/CMSB/SEC Office before the notifications become effective * 11. Publicly disclose in the
to strengthen compliance Promote transparency in the initial public offering (IPO) share allocation process ● Required issuers to disclose their allocation methodology and clearly identify in the
widely used as fund-mobilizing devices without any requirements to disclose information to the public. This however leads to a problem of investors lacking necessary information to study, analyze, and
disclose relevant information and have to keep them updated in all cases. This was a departure from the previous regulations which required such disclosure only when the offering was made to the public