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title: "For sustainable capital market development, an increase in the number of issuers and liquidity must… — quoted speaker — DecisionGateway"
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> Index of every page on this site: [llms.txt](https://dgw.tmarket.io/llms.txt)

statement

# **For sustainable capital market development, an increase in the number of issuers and liquidity must be accompanied by improved corporate governance quality, board independence, transparency of related-party transactions, and protection of minority shareholders; this is absent from the current version of the program.**

A statement by quoted speaker. Statements are as reported by the cited publishers — not verified by DecisionGateway.

> *Для устойчивого развития рынка капитала необходимо, чтобы расширение числа эмитентов и ликвидности сопровождалось повышением качества корпоративного управления, независимости советов директоров, прозрачности сделок с заинтересованностью и защиты миноритарных акционеров. К сожалению, этого нет в текущей редакции программы.*

financekazPublished 2026-11-09 [ Read source](https://t.me/financekaz/21093)

## **Discussion**

## **Related claims**

[**The proposals concerned mechanisms for protecting minority shareholder rights, increasing the independence of boards of directors of public companies, and additional guarantees for individual investors.**financekaz · statement](https://dgw.tmarket.io/claims/01a1ce5c-be33-7b5a-9b9a-8b3371c869ee) [**QAMS's proposals were not taken into account in the preparation of the capital market development program through 2030.**financekaz · allegation](https://dgw.tmarket.io/claims/01a1ce5c-be0b-75f5-95f4-c127ff17bdd2) [**According to the association's design, the mechanism will allow minority shareholders to obtain independent representation on the board of directors without affecting the controlling shareholder's corporate control.**QAMS · prediction](https://dgw.tmarket.io/claims/01a1ce5c-bedb-7c6b-8d82-38916dc25457) [**QAMS proposed introducing a minority elections mechanism under which at least one independent director of a public company must be elected exclusively by minority shareholders, excluding votes of the controlling shareholder, affiliates, and persons acting in its interests.**QAMS · commitment](https://dgw.tmarket.io/claims/01a1ce5c-be87-797e-bb0d-08a3f15ab4b7) [**According to the association, such measures are necessary to improve the quality of investment services and reduce risks for retail investors.**QAMS · statement](https://dgw.tmarket.io/claims/01a1ce5c-bf7d-75fc-b6ba-d51be47f6243) [**The Program provides for improving the quality of insurance services, expanding product choice, simplifying the receipt of payments and strengthening consumer rights protection.**kapitalkz · commitment](https://dgw.tmarket.io/claims/01a1c94b-d042-7dc4-811d-c28acd2ac400)

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