Media & Resources
The RF Central Bank proposes to deprive minority shareholders of the right to request additional information from issuers.
DATE: October 29, 2015 | AUTHOR: atlawyers
The RF Central Bank proposes to deprive minority shareholders of the right to request additional information from issuers. According to media, representatives of the Bank of Russia proposed to remove the right of minority shareholders to request additional information, which gives all shareholders the right to request it according to Federal Law “On Joint-Stock Companies”. In the experts’ opinion, the shareholders whose shares portfolio constitutes 10% or more shall have the right to request additional information from issuers, and those owning fewer shares shall only have access to the information disclosed in generally.