Retail shareholders are waking up to majority shareholder risks: NZSA

Millenium & Copthorne is the target of a takeover by its largest shareholder. (Image: NZME)

Wed, 19 Feb 2025

The New Zealand Exchange says minority shareholders are already sufficiently protected. Shareholder advocate the NZ Shareholders Association (NZSA) recently repeated calls for more rules to safeguard minority shareholder interests, pointing to its largest shareholder's proposed takeover of Millenium & Copthorne Hotels. The NZSA said small shareholders could be protected by excluding majority shareholders from voting in independent director elections. A NZ Exchange (NZX) spokesperson said it had considered the issue in 202...

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