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The First Asian Roundtable on Corporate Governance in Asia: A Comparative Perspective was hosted by the Korea Development Institute. The Second Roundtable on the Role of Disclosure in Strengthening Corporate Governance and Accountability was hosted by the Hong Kong Society of Accountants, the Hong Kong Securities and Futures Commission, and the Stock Exchange of Hong Kong. The Third Roundtable on the Role of Boards and Stakeholders in Corporate Governance was hosted by the Monetary Authority of Singapore in collaboration with the Singapore Institute of Directors and the Singapore Exchange. The Fourth Roundtable, on Shareholder Rights and the Equitable Treatment of Shareholders, was hosted by the Ministry of Law, Justice & Company Affairs of the Government of India and the Securities and Exchange Board of India in collaboration with the Confederation of Indian Industry. The Fifth Roundtable, which included White Paper drafting sessions and a half-day workshop on enforcement issues, was hosted by the Malaysian Securities Commission in collaboration with the Kuala Lumpur Stock Exchange and the Malaysian Institute for Corporate Governance. (http:/www.oecd.org/dataoecd/48/55/25778905.pdf, page 8)
The second category of shareholders’ rights delineates the separation between ownership and management. While no longer having the responsibility, or the right, to oversee day-to-day operations of the company, shareholders must have some means of reconciling their differing interests, goals and investment horizons into basic strategic decisions. Here, shareholders’ rights treat with the essentials of shareholder participation in decision-making (procedures for shareholder meetings, election of directors, approval of fundamental corporate changes, etc.) and limit mechanisms (and their consequences) that hinder or undermine shareholder decision-making, such as undisclosed control arrangements, non-transparent corporate-control transactions and management entrenchment. (http://www.oecd.org/dataoecd/48/55/25778905.pdf, page 17)