| "Sakto Group" and Bruno Manser Fond | |
|---|---|
| Lead NCP | Canada |
| Supporting NCP(s) | Australia, United Kingdom, United States |
| Description | Specific instance submitted by the NGO Bruno Manser Fond involving the "Sakto Group" and related to disclosure requirements under the Guidelines. |
| Theme(s) | Disclosure |
| Date | 11 Jan 2016 |
| Host country(ies) | Canada |
| Source | NGO |
| Industry sector | Real estate activities |
| Status | Concluded |
| Summary | Read the final statement (français) issued by the Canadian NCP – 11 July 2017 On 11 January 2016, a specific instance was submitted to the Canadian NCP by Bruno Manser Fund, an NGO based in Basel, Switzerland, alleging non-observance of the disclosure principles of the Guidelines by Sakto Group. The submission listed several Canadian companies and companies in other countries including the United States, Australia, the United Kingdom, Malaysia, Australia, Malaysia, British Virgin Islands, Hong Kong, and Jersey. The NCP conducted an initial assessment as per its procedures and considered offering a facilitated dialogue for both parties to discuss the disclosure issues raised by the Notifier and to try to reach a constructive outcome. However, actions by parties during the confidential NCP process, including communication to third parties about the case, breaching confidentiality and challenging the NCP’s jurisdiction, indicated, in the NCP’s view, an absence of the requisite level of good faith and willingness needed from parties to engage in a constructive dialogue. The NCP, therefore, regrettably decided not to offer a facilitated dialogue to the parties and closed the case. #caused #corporategovernance #realestate #confidentiality |
