CGI Global has submitted a letter to the Johannesburg Stock Exchange, in response to its Listing Requirements annual simplification project consultation. One of CGI’s international policy priorities is to enhance balancing control and accountability in concentrated ownership entities. CGI supports JSE’s proposal to increase transparency when independent board members refer to an independent expert opinion for a related party transaction.
Companies with concentrated-ownership structures are prominent around the world, yet the assumption of a dispersed-shareholder model often dominates governance standards. As investors diversify their portfolios internationally, regulatory attention is turning to the governance characteristics of companies that are controlled by families, the state or other significant shareholders.
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