FRA issues new regs to protect minority shareholders in listed companies

REGULATION WATCH- FRA issues new regs to protect minority shareholders in listed companies: The Financial Regulatory Authority's (FRA) board of directors has signed off yesterday on a change to the regulations governing listed companies to require boards to provide more information to their general assemblies on potential conflicts of interest, FRA boss Mohamed Omran said(pdf). Under the change, the executive board must outline in its reports to the general assembly all the cases in which the interests of a board member, top executive, or major shareholder could overlap with what’s best for the company. The board must also report more thoroughly on existing conflicts of interest.