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:	K Law (General) KPG Malaysia
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

id	iium-62589
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
_version_	1777412364767854592

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

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