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Hi Sir,
I want to ask can a person be a shareholder in two companies simultaneously without giving without being in the knowledge of the opposite company?
this is really a dump question but it came to my mind suddenly so I wanna clear this up 🙁Not sure I understand the question but I have shares in two companies and I doubt very much that either of them knows about my other investment. they could find out by looking in the register of members – but, to be totally thorough, they would have to look in EVERY register of members – about 1,000,000 of them
ok i want to ask whether a same person can be a sareholder in two companies simultaneously without disclosing about his shareholding to the opposite company ?Wouldn’ t that give rise to conflict of interest or something like insider dealing ? as he possesses certain rights to be involved in the company matters and thus hold confidential / insider information from an inside source . Hope now i made it more clear to be understood 🙂
Again, it’s too general a question! As I said originally, I don’t have to declare my holding in, say, BP when I also hold shares in, say, Shell.
If your question is about directors and their investments then, yes, they should disclose to the full board ( not a sub-committee ) and exclude themselves from any discussions which could be seen as giving a conflict of interest. NB, it is a statutory duty of directors in the UK to avoid conflict of interest situations
But an ordinary shareholder like me? No, not at all
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