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Takeovers panel / Te Pae Whitimana
Takeovers panel / Te Pae Whitimana
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- The Takeovers Panel enforces the Takeovers Code to ensure that code-regulated transactions are transparent and equitable, enables companies to comply with their code obligations, considers applications for exemptions from the code, reviews market practice, and undertakes policy development.
- Recommends reform to takeovers law, and promotes public understanding of takeovers law.
- The Takeovers Code applies only to companies listed on the NZX, or with 50 or more shareholders and 50 or more share parcels.
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