FRA signals new protections coming for minority shareholders

FRA signals new protections coming for minority shareholders: The Financial Regulatory Authority (FRA) has reportedly signed off on a regulatory change that aims to protect the rights of minority shareholders when companies list and delist shares on the EGX, Al Masry Al Youm reports. The changes zero in on conflicts of interest and allow the FRA to exclude majority shareholders from voting on decisions of voluntary delisting during extraordinary general assemblies. Only minority shareholders would be permitted to vote in such circumstances. The amendment would also allow the authority to compel the buyout of minority investors at a value set by an independent financial advisor. The story does not make clear when the changes go into effect.