Expanding shareholders’ power: An analysis of reform proposals in Malaysia

A series of recent reform proposals in Malaysia have started to consider enhancing shareholders’ self-help remedies by expanding shareholders’ powers in corporate decision-making. The reform of listing rules, codes of corporate governance, and securities law legislation is intended to enhance shareh...

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Main Author: Mohd. Sulaiman, Aiman @ Nariman
Format: Article
Language:English
English
Published: Walter de Gruyter GmbH 2018
Subjects:
Online Access:http://irep.iium.edu.my/62589/
http://irep.iium.edu.my/62589/
http://irep.iium.edu.my/62589/
http://irep.iium.edu.my/62589/7/2018%20Review%20of%20Law%20%26%20Economics.pdf
http://irep.iium.edu.my/62589/14/62589_Expanding%20Shareholders%27%20Power_scopus.pdf
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recordtype eprints
spelling iium-625892018-08-14T02:03:20Z http://irep.iium.edu.my/62589/ Expanding shareholders’ power: An analysis of reform proposals in Malaysia Mohd. Sulaiman, Aiman @ Nariman K Law (General) KPG Malaysia A series of recent reform proposals in Malaysia have started to consider enhancing shareholders’ self-help remedies by expanding shareholders’ powers in corporate decision-making. The reform of listing rules, codes of corporate governance, and securities law legislation is intended to enhance shareholders’ participatory rights in decision-making in Malaysia. Some of the proposals echo the present UK position under the UK Companies Act 2006. These changes, occurring in several common law countries such as Malaysia, Hong Kong and UK, and the recent EU revision proposals, indicate a change of legal position towards expanding shareholders’ power even to the extent of giving instruction to the board. But are these sufficient or can more be done? For Malaysia and other developing economies, we argue for a self-enforcing model that requires expansion of shareholders’ general power by identifying and removing legal barriers to shareholders’ empowerment. This is recommended for other developing countries which share a similar corporate and regulatory architecture. Walter de Gruyter GmbH 2018-02 Article PeerReviewed application/pdf en http://irep.iium.edu.my/62589/7/2018%20Review%20of%20Law%20%26%20Economics.pdf application/pdf en http://irep.iium.edu.my/62589/14/62589_Expanding%20Shareholders%27%20Power_scopus.pdf Mohd. Sulaiman, Aiman @ Nariman (2018) Expanding shareholders’ power: An analysis of reform proposals in Malaysia. Review of Law & Economics. ISSN 1555-5879 (In Press) https://www.degruyter.com/view/j/rle.ahead-of-print/rle-2015-0041/rle-2015-0041.xml 10.1515/rle-2015-0041
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
English
topic K Law (General)
KPG Malaysia
spellingShingle K Law (General)
KPG Malaysia
Mohd. Sulaiman, Aiman @ Nariman
Expanding shareholders’ power: An analysis of reform proposals in Malaysia
description A series of recent reform proposals in Malaysia have started to consider enhancing shareholders’ self-help remedies by expanding shareholders’ powers in corporate decision-making. The reform of listing rules, codes of corporate governance, and securities law legislation is intended to enhance shareholders’ participatory rights in decision-making in Malaysia. Some of the proposals echo the present UK position under the UK Companies Act 2006. These changes, occurring in several common law countries such as Malaysia, Hong Kong and UK, and the recent EU revision proposals, indicate a change of legal position towards expanding shareholders’ power even to the extent of giving instruction to the board. But are these sufficient or can more be done? For Malaysia and other developing economies, we argue for a self-enforcing model that requires expansion of shareholders’ general power by identifying and removing legal barriers to shareholders’ empowerment. This is recommended for other developing countries which share a similar corporate and regulatory architecture.
format Article
author Mohd. Sulaiman, Aiman @ Nariman
author_facet Mohd. Sulaiman, Aiman @ Nariman
author_sort Mohd. Sulaiman, Aiman @ Nariman
title Expanding shareholders’ power: An analysis of reform proposals in Malaysia
title_short Expanding shareholders’ power: An analysis of reform proposals in Malaysia
title_full Expanding shareholders’ power: An analysis of reform proposals in Malaysia
title_fullStr Expanding shareholders’ power: An analysis of reform proposals in Malaysia
title_full_unstemmed Expanding shareholders’ power: An analysis of reform proposals in Malaysia
title_sort expanding shareholders’ power: an analysis of reform proposals in malaysia
publisher Walter de Gruyter GmbH
publishDate 2018
url http://irep.iium.edu.my/62589/
http://irep.iium.edu.my/62589/
http://irep.iium.edu.my/62589/
http://irep.iium.edu.my/62589/7/2018%20Review%20of%20Law%20%26%20Economics.pdf
http://irep.iium.edu.my/62589/14/62589_Expanding%20Shareholders%27%20Power_scopus.pdf
first_indexed 2023-09-18T21:28:41Z
last_indexed 2023-09-18T21:28:41Z
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