THE Ministry of Finance announced the introduction of the Companies Act (Amendment) Order 2016 that introduce further protection for minority shareholders in a company to existing legislation.
In a statement issued yesterday, the ministry said that the introduction was made with the consent of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam. It also introduced the Companies (Corporate Governance) (Public Companies) Rules 2016. The Order and Rules take effect from May 30, 2016.
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