This is a historically Russian feature — the unwillingness to share korea telegram data property. When market mechanisms were just beginning to emerge in the 1980s and 1990s, it was not always. Safe to disclose information about yourself and enter into partnerships. This view of business has not been overcome to this day. Although practice shows that the presence of investors even within the framework of portfolio investments of 10-15% does not destabilize the majority shareholder and allows him to fundamentally pursue the policy he wants.
Earlier, during the IPO, the Bank of Russia
had questions for the organizers of the transactions — about the transparency of allocation (distribution of securities during the IPO), double commissions, conflicts of interest. What is the situation now? Has anything chang for the better after the Central Bank’s warning?
— Unfortunately, we have not overcome this growing pain, and by and large you have list the main problems. This includes the lack of transparency of allocation and the uncertainty of the so-call lockups, i.e. the obligation not to sell securities for a certain period of time. Issuers make statements about this, but there is no responsibility behind them. The obligations are not fulfill without any consequences for the violator.
In addition, many companies go publi
c without an external appraiser, and this information is not disclos publicly, nor are the assessments made by internal underwriters. The question arises about the role and place of the reasons to invest right now underwriter, the one who organizes the issue. To what extent is there a conflict of interest, to what extent can they themselves participate ao lists in the acquisition of securities? This whole range of issues has not yet been resolv.