You didn't get my point. I'm not talking about the market disclosures. I'm talking about the directors brief description in the annual report. I never said that this is mandatory.@The Alchemist wrote:@ccsentha - again, you miss the point entirely my friend. and your also not making any sense in your argument. read again. also note AR date & transaction date. Just bcos Aberdeen has common directors with EXPO, if there is no related party transactions as at AR date, then no need for disclosure. Their is no need for EXPO to disclose anything about a private unlisted company aberdeen, just bcos of a common shareholding, directorate, if there are no related party transactions, and there may have being none, as at AR date.@ccsentha wrote:It's not mandatory, but almost every company mentions the other directorship held by their companies, EXPO too have done like that, they have mentioned softlogic, AMSL, ASIR, lanka tiles, vpel, etc.. like that many other companies as their directors are holding positions in those companies too, but they don't mention anything about Aberdeen, when they talk about 3rd party companies and then not mention their associate company it doesn't sound right!!!!@Jake Sully wrote:If it's not a subsidiary then you don't have to mention the directorship. In that case there are lots of directors in most of the major listed companies who are also directors in several of the unrelated companies.@ccsentha wrote:
There are common director in expolanka holdings and in aberdeen holding (Pvt) Ltd. But in EXPO annual report it is not mentioned. They are mentioning the name of the other companies in which they are directors but they DO NOT TALK ABOUT aberdeen in the annual report
By the way I'm not new to the share market.