The Financial Services Commission is moving ahead in earnest with developing disclosure guidelines for corporate takeover proposals. It has indicated a policy of working with Kim & Chang to formulate the guidelines.
The Financial Services Commission is moving ahead in earnest with developing disclosure guidelines for takeover proposals. While no specific details or timetable have been provided at this stage, the commission is reported to be prioritising the creation of an overall framework.
It has become clear that the commission plans to work with Kim & Chang to formulate the disclosure guidelines. Details of the purpose of the collaboration and the division of responsibilities remain subject to future announcements.
The move is understood to be aimed at strengthening governance over disclosures concerning takeover proposals, and attention is focused on the timing and content of formal announcements and additional information.