PROTECTING MINORITY INVESTORS
The Lao Securities Commission, Bank of Lao PDR has successfully developed and amended legislation’s relating to protecting minority investors in the area of capital market. These include the formulation of Corporate Governance Guideline for listed companies, revision of Decision on Reporting and Information Disclosure, Decision on Board of Directors, Instruction on Organization of Shareholders’ Meeting and the Law on Securities is under amending process and [planned to propose to the National Assembly at the end of 2019.
Enacted legislation’s relating to protecting minority investors in the area of capital market include:
6.1
Law on Securities No. 21/NA, dated 10 December 2012
6.2
Decision on Related Party Transactions No. 0023/LSC, dated 26 October 2016
6.3
Decision on Reporting and Information Disclosure No 04/LSC, dated 28 January 2019
6.4
Decision on Board of Directors No 10/ LSC, dated 26 April 2019
6.5
Instruction on Organization of Shareholders’ Meeting of Listed Companies No. 0001/LSC, dated 30 April 2019
6.6
Guideline on Corporate Governance for Listed Companies, dated 24 April 2019
Related legislation’s can be found at: www.lsc.gov.la