12MP review: Shareholder transparency laws to be reviewed, says PM


Datuk Seri Anwar Ibrahim. - Facebook pic

KUALA LUMPUR: Laws will be reviewed to ensure greater transparency of shareholdings, particularly of bumiputra-owned companies, says Datuk Seri Anwar Ibrahim.

"The Companies Act 2016 and Limited Liability Partnership Act 2012 related to beneficial ownership declaration is being reviewed, aimed at strengthening transparency of share ownership in line with emphasis on good governance," the Prime Minister said when tabling the 12th Malaysia Plan (12MP) mid-term review in Parliament on Monday (Sept 11).

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