Brief
The prevalence of block holding is still the shaping force that determines the governance features in this market.
The regulatory framework of corporate governance is considered adequate compared to other jurisdictions in the region.
Shareholder rights are guarded by the acceptance of proxy voting for all meetings and the availability of online voting for meetings with certain significant corporate matters.
Foreign investors account for less than 5 percent of the market cap and hence their participation in the market only carries a rather limited impact.
