Clause 49 Of Listing Agreement Include

If we compare this amended new clause to the previous clause of the Companies Act 1956, we will see that this new clause is intended to improve transparency and protect the interests of stakeholders, given that a new detailed provision of the independent director has been inserted, the role of the audit committee has been improved, etc. The governance framework aims to promote the efficient use of resources and to require accountability in the management of these resources. The aim is to reconcile the best interests of individuals, businesses and society.  » – Sir Adrian Cadbury, UK, Commission Report: Corporate Governance 1992 The fundamental criterion on which the entire listing agreement is based is corporate governance. At present, 54 clauses of the listing agreement are all based on this concept. In addition, there is a clause that deals specifically with corporate governance, that is, . . .