On 3 December 2020, the Securities and Exchange Commission of Myanmar (the SECM) issued Notification on Requirements for Effective Corporate Governance (Notification 2/2020) and Instruction on Material Related Party Transactions for Listed Companies and Public Companies with More than One Hundred Shareholders (Instruction 3/2020), which came into effect on 1 January 2021, with the provisions contained therein being effective from 1 April 2021. Notification 2/2020 sets out the requirements for corporate governance for YSX-listed companies and public companies with more than 100 shareholders and Instruction 3/2020 sets out the requirements and procedures in relation to the disclosure of all related-party transactions. Read More.
