ANALYSIS: Should penalties for continuous disclosure breaches be relaxed?

Thu, 19 Sep 2019

By Jenny Ruth Sept. 19 (BusinessDesk) - Is the liability companies and directors face for breaches of NZX's continuous disclosure rules preventing people from becoming directors? Is the continuous disclosure regime dissuading a significant number of companies from listing on NZX? Should offer documents for initial public offerings be permitted to omit financial forecasts? The capital markets review's report suggests the answer to all three questions may be yes and has recommended at least a review of those policy settings. It say...

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