The Companies Act 2016 introduced several key changes, including:
1. Single Company Type: The new law eliminated the various types of companies that existed previously, such as limited liability companies and unlimited liability companies, and introduced a single type of company.
2. Corporate Governance: The law emphasized the responsibilities and duties of company directors, promoting better corporate governance and transparency.
3. Shareholder Rights: It strengthened the protection of shareholder rights and provided more information regarding shareholder interests.
4. Financial Reporting and Auditing: Companies are required to prepare more detailed and accurate financial reports, and the role of auditing was reinforced.
5. Executive Compensation: Listed companies are required to publicly disclose details of executive compensation.
6. Insolvency and Liquidation: More modern insolvency and liquidation procedures were introduced.
7. Electronic Communication: Encouragement for the use of electronic means for company communication and document filing.
If you need any further information or specific translations, feel free to ask!
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2016
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US 12954 
GB 9589 
AU 8769 
CA 8652 
VN 6810 
IE 5391 
NZ 4418 
BR 1678 
