| Commentary

Controlled Companies

| Commentary

Controlled Companies

The PRs, LRs and DTRs have generally concentrated on requiring listed companies and their management to produce timely and accurate information, leaving the use of that information (for voting or investment decisions) to shareholders. However, particular difficulties have arisen where the separation between management and shareholders is partial and listed companies have controlling shareholders who have clearly acted to the detriment of minority shareholders. To deal with that, the FCA introduced compulsory structural arrangements for premium listed companies with such controlling shareholders (which are a very significant number of FTSE-100 and -250 companies). There are five further

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