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Malaysian Exchange Seeks Comment on Proposed Governance ChangesSubmitted by: David Smith, Co-Head, Asia-Pacific Corporate Governance Research

The Malaysian stock exchange, Bursa Malaysia, released earlier this month a consultation paper inviting comments on proposed amendments to several Listing Requirements. Included in these proposals are changes to the minimum public shareholding spread and the removal of the minimum number of public shareholders required (both at listing and as an ongoing requirement), and proposals for a higher general mandate for the issuance of new securities. Respondents should note that the closing date for comments is Feb. 27, 2009. Comments can be e-mailed to Bursa Malaysia using the appendices provided.

Full post as published by Institutional Shareholder Services -- Corporate Governance Blog on February 24, 2009 (boomark / email).