It has been reported that Hermes, the UK based fund manager, has criticised the provisions concerning pre-emption rights in the Companies Bill. Hermes' concerns relate to Section 39 which provides that public company shareholders will only have pre-emption rights if this has been explicitly provided for in the company's memorandum of incorporation. Click here for further information. South Africa: company law reform - the Companies Bill and shareholders' pre-emption rights
Labels:
pre-emption rights,
shareholder,
south africa
It has been reported that Hermes, the UK based fund manager, has criticised the provisions concerning pre-emption rights in the Companies Bill. Hermes' concerns relate to Section 39 which provides that public company shareholders will only have pre-emption rights if this has been explicitly provided for in the company's memorandum of incorporation. Click here for further information. Spread The Love, Share Our Article
Subscribe to:
Post Comments (Atom)
Popular entries
-
Incident: Sick Kids physician loses portable hard-drive with unencrypted personal health informationA physician from Sick Kids hospital who decided to travel with a portable hard-drive containing unencrypted health information on 3,300 pat...
-
The Securities and Exchange Commission has voted unanimously to introduce amendments designed to strengthen the regulatory framework govern...
-
The Information and Privacy Commissioner of Alberta released a very interesting order today, considering whether the right to freedom of exp...
-
Like many people I suspect, I was concerned to read the recent BBC report about glass ceilings which, the report said, means that "to...
-
Public limited companies in Norway were given until the start of this year to implement rules designed to increase the representation of wom...
-
Note - the Landlord Law Blog has now moved to www.landlordlawblog.co.uk . There is still quite a bit of confusion regarding the recent deci...
-
In Gregson v HAE Trustees Ltd & Ors [2008] EWHC 1006 (Ch) a so-called "dog-leg" claim was brought against the directors of a ...
-
Today, April 6, is an important date for aficionados of the Companies Act 2006 and anyone else interested in the Government's programme...
-
Figures from the DCA show that landlord possession claims were 20% down during the last quarter. Co-incidentally this was the first quarter...
-
The Ontario Information and Privacy Commissioner is investigating after old medical records were found in a dumpster behind a coffee shop by...
Comments
Post a comment on: South Africa: company law reform - the Companies Bill and shareholders' pre-emption rights