THE Securities and Exchange Commission of Cambodia (SECC) debated a draft prakas, or edict, on corporate governance for listed companies Wednesday in Phnom Penh, the latest stage in a bid to pass necessary regulations ahead of the planned launch of the stock exchange next year. The government plans to pass the measure before the end of the year. “Public companies that intend to issue securities will have to comply with the regulations defined in the prakas,” Ming Bankosal, director general of the SECC, said Wednesday. According to the draft, corporate boardrooms would have between five and 15 members.
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Prince injured, wife dies after accidentTHE wife of former First Prime Minister Prince Norodom Ranariddh, Ouk Phalla, 39, died while the prince was “severely” injured following a road accident in Preah Sihanouk province’s Prey Nub district on Sunday morning, officials said. Rananriddh, who is also the president of the Funcinpec
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Police warn boycott FB group involved in the “Clean Fingers Campaign” Police said on Tuesday that they will pick up members of a Facebook group involved in the “Clean Fingers Campaign” that promotes a boycott of next month’s national elections. However, police merely planned to “educate” the group for now, but warned that if the
Ranariddh 'seriously injured', his wife dies in accident in Preah SihanoukTHE wife of former first prime minister Prince Norodom Ranariddh has died. Ouk Phalla succumbed to injuries sustained in a traffic accident on National Road 4 in Preah Sihanouk’s Prey Nub district this morning. She and the prince were immediately rushed to the Preah Sihanouk