250-day response time for shareholder activism and hostile public bids, Netherlands Government
Mr. S. Dekker, Minister for Legal Protection Ministry of Justice and Safety PO Box 20301 2500 EH Den Haag The Netherlands 7 February 2019 Dear Mr. Dekker, Public consultation on draft bill to allow for […]
Review of the TSE Cash Equity Market Structure, Tokyo Stock Exchange (TSE)
Listing Department Tokyo Stock Exchange Tokyo Japan By email: jojo-kikaku@jpx.co.jp 25 January 2019 To the Disclosure Working Group of the Financial Services: ICGN Response to the Consultation Paper “Review of the TSE Cash […]
ICGN Investor Viewpoint: Stock exchanges and shareholder rights
ICGN Viewpoint Stock exchanges and shareholder rights: a race to the top, not the bottom?[1] December 2018 Stock exchanges form a critical component of the global financial market ecosystem, serving […]
Dual class share structures, NASDAQ
Mr John Zecca Senior Vice President General Counsel North America and Chief Regulatory Officer NASDAQ Stock Market 805 King Farm Boulevard Rockville, MD 20850 USA By email: john.zecca@nasdaq.com 7 November 2018 Re: Dual Class Share Structures […]
Dual class share structures, New York Stock Exchange (NYSE)
Elizabeth King Chief Regulatory Officer Intercontinental Exchange Inc. 11 Wall Street New York, NY 10005 USA 7 November 2018 By email: Elizabeth.King@theice.com Re: Dual Class Share Structures Dear Ms. King, Led by investors responsible for […]
ICGN Investor Viewpoint: Related Party Transactions
ICGN Viewpoint Related Party Transactions: How to ensure adequate protection of minority shareholder rights June 2018 Related Party Transactions (RPTs) are common occurrences around the globe. The underlying relationships causing […]
Treatment of unequal voting structures in the MSCI equity indices, MSCI
MSCI Equity Index Committee 7 World Trade Center 250 Greenwich Street New York, NY 10007 By email: clientservice@msci.com 31 May 2018 ICGN Comment on the Treatment of Unequal Voting Structures in the MSCI […]
Proposed listing framework for dual class share structures, Singapore Exchange Limited (SGX)
Singapore Exchange Limited 11 North Buona Vista Drive #06-07, The Metropolis Tower 2 Singapore 138589 By email: listingrules@sgx.com 27 April 2018 ICGN Comment regarding Proposed Listing Framework for Dual Class Share Structures To […]
Forced arbitration provisions in public company governing documents, U.S. Securities and Exchange Commission (SEC)
William H. Hinman Director Division of Corporation Finance U.S. Securities and Exchange Commission 100 F Street NE., Washington, DC 20549 9 February 2018 Re: Forced arbitration provisions in public company governing documents Dear Mr. […]
ICGN Investor Viewpoint: Inclusion of non-voting shares in indices
ICGN Viewpoint The inclusion of non-voting or limited voting shares in stock market indices November 2017 Introduction This Viewpoint follows an earlier ICGN report[1] on how differential ownership structures allow […]