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Minfin Backs Limit on Disclosure for Minority Shareholders
23.10.2015 12:00 / TASS
“I don’t have the details of this proposal, but I support the idea”, he said.
On October 22, Central Bank’s First Deputy Chairman Sergey Shvetsov announced a proposal to revoke minority shareholders’ right to request additional info from issuers. In his opinion, by taking on an audit function, the minority shareholder distrusts the Board of Directors, internal and external audit and the management.
Shevtsov later announced that the Bank of Russia would shortly release a document for public debate.