In today’s briefing:
- Next Corporate Governance Code Revision May Further Dissolve Parent-Subsidiary Listings
Next Corporate Governance Code Revision May Further Dissolve Parent-Subsidiary Listings
- As statements of reasonableness are disclosed with respect to subsidiary listings that are less than reasonable, further elimination of parent-subsidiary listings is expected to progress.
- The issue of parent-subsidiary listings will to come under further scrutiny, as no fundamental solution can be expected even if formal system for ensuring independence of a subsidiary is established.
- Extending disclosure to affiliate relationships is a commendable step forward not only for minority shareholders of dependent companies, but also for shareholders of the listed parent company.
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