Bridge over ocean
1 January 2014 Position Paper

Non-Preemptive Share Issues in Asia

Role of Regulation in Investor Protection

  1. Padma Venkat, CFA
  2. Kurt Schacht, JD, CFA
  3. Bob Dannhauser, CFA, FRM, CAIA
  4. Tony Tan, DBA, CFA

In this report, we review the regulations governing non-preemptive share issuance based on general mandates across four major jurisdictions in Asia (Hong Kong, Singapore, Thailand, and Malaysia). We then compare these market practices with the UK regulations of preemption and highlight the differences between the two groups. Our objective is to create awareness among investors, regulators, and company management and to draw a broad consensus on the principle of preemption. This report is part of our continued effort to raise the bar on corporate governance principles in Asia and to build trust and transparency among the various stakeholders in Asia’s capital markets.

Non-Preemptive Share Issues in Asia: Role of Regulation in Investor Protection View the entire article (PDF)

We’re using cookies, but you can turn them off in Privacy Settings.  Otherwise, you are agreeing to our use of cookies.  Accepting cookies does not mean that we are collecting personal data. Learn more in our Privacy Policy.