Milliy Tiklanish holds seminar on corporate management
05/03/2015 00:16
Milliy Tiklanish holds seminar on corporate management
05/03/2015 00:16
Tashkent, Uzbekistan (UzDaily.com) -- On 4 March 2015, a faction of the Democratic Party of Uzbekistan “Milliy Tiklanish” at the Legislative Chamber of the Oliy Majlis organized a seminar on “The importance of improving corporate management in support of domestic producers”.
It was attended by deputies from DPU “Milliy Tiklanish” in local Kengashes (Councils) of people’s deputies, party activists, domestic producers, heads of relevant organizations, experts and mass media representatives, the press service of the Legislative Chamber said.
At the seminar, the draft law “On introducing amendments and addenda to the Law of the Republic of Uzbekistan “On joint stock companies and protection of shareholders’ rights”, adopted by the Legislative Chamber in the first reading, was discussed.
The draft law envisages introduction of amendments and additions to the law “On joint stock companies and protection of shareholders’ rights” directed at further improving corporate management and protect minority shareholders. In line with the draft law, the general shareholders’ meeting will approve mid- and long-term strategies of the company. The document also includes a number of new provisions related to the activities of joint stock companies.
The participants of the event emphasized that the adoption of this draft law will effectively support the country’s domestic producers, in particular, joint stock companies, the effective formation and active development of corporate management of joint stock companies, as well as protecting the legitimate interests and rights of minority shareholders. This coincides with the task of the party specified in the Pre-election platform of DPU “Milliy Tiklanish”, on further improvement of the efficiency of domestic industry through technical, technological modernization, reducing non-productive expenditure, introduction of modern technologies.
After discussion, position of the faction of DPU “Milliy Tiklanish” was formed on the draft law. Decision on submitting appropriate proposals of the faction to the responsible committee of the Legislative Chamber of the Oliy Majlis was taken.
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