The National Development and Innovation Bureau sponsored a discussion yesterday on revising and updating the company administration codex introduced by the Financial Regulation Bureau on December 26, 2007. The Union of Employers had prepared draft amendments about a year ago. Related Ministries supported the proposed changes and the draft will now be presented to the Government.

The codex deals with subjects like rights and responsibilities of share holders, interest of participating sides, transparency of liability companies as well as the responsibility of executive  boards.