30.1.1 Shareholders should be informed about extraordinary transactions, including merger and acquisition attempts.
30.2 Prohibition on mergers and acquisition
30.2.1 The management should refrain from actions that could prevent the success of the acquirer, unless specifically instructed by the board or at the shareholder meeting.
30/2/2 Merger or acquisitions can not be used as mean for directors to get away from their responsibilities and accountability.
30.3 Board’s control over mergers and acquisitions.
30.3.1 The rules regarding mergers and acquisitions should be clearly defined and disclosed by the board of directors.
30.3.2 Independent Directors can play an important role to avoid full controls by some parties.
30.4 Shareholder obligation
If a shareholder’s stake passes a certain level, they should be obliged to make an offer for remaining shares of the company.
