Appointment of Directors of Licensed Dealing Members/Stockbrokers to Boards of Public Companies, 2002 🇬🇭

Ghana

Circular Number: sec-cir-oo1-2002

Appointment of Directors of Licensed Dealing Members/Stockbrokers to Boards of Public Companies, 2002

Issued by Securities and Exchange Commission on 31 May 2002
Commenced on 31 May 2002
[This is the version of this document from 31 May 2002.]

It has come to the notice of the Commission that some directors or executive officers of Licensed Dealing Members (LDMs) have also been appointed as directors of listed and other public companies.The Commission considers that this is not in the interest of the investing public as it could give rise to conflict of interest, insider trading, and other types of market manipulation.In the light of above, and pursuant to its functions under section 9 (d), (f) (g) and (i) of PNDCL 333 as amended, the Commission hereby directs all LDMs/Stockbrokers (hereinafter referred to as “Licenced Operators”) and public companies as follows:DIRECTIVES(i)Henceforth, no director or executive officer of a Licensed Operator shall concurren…

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