Compliance in accounting and corporate governance refers to the adherence to laws, regulations, and internal controls that govern an entity's operations, ensuring legal and regulatory obligations are met.
An independent director, also known as an outside director, is a member of a company's board of directors who does not have a material or financial relationship with the company or related entities, apart from receiving a director's fee, and does not own shares in the company. Independent directors are considered better suited to provide impartial judgment and governance.
A quoted company, also known as a listed company, is a business entity whose shares are traded on a stock exchange. These companies are subject to strict regulatory requirements and transparency rules to protect investors.
A restricted surplus refers to the portion of shareholders' equity that is not available for dividend distribution to shareholders, often due to legal or regulatory requirements.
A market for investors to buy and sell shares in new and developing companies. These markets provide companies with access to new sources of finance and are subject to fewer regulatory requirements compared to main markets.
Statutory Notice refers to a legally mandated period during which parties must be informed about a specific event or action that is scheduled to occur. This notice ensures that all relevant parties have adequate time to prepare or respond as required by law.
