- Clarifying in the statute the directors' duty of care, skill and diligence with a view to providing clear guidance to directors.
- Adoption of a mandatory system of no-par value of shares for all companies with a share capital
- Removal of the power of companies to issue share warrants to bearers
- Introducing a comprehensive set of rules for proposing and passing a written resolution.
- Reducing the threshold requirement for members to demand a poll from 10% to 5% of the total voting rights.
- Requirement on disinterested members' approval for various prohibited transactions and replacing the headcount test for specified privatization and takeover schemes
- Empowerment of the Registrar to give directions to a company to appoint directors and company secretaries
- Empowerment of the Registrar to compound specified offences to encourage due compliance and optimize the use of judicial resources
- Introduction of new exceptions to prohibitions on loans and similar transactions in favor of directors and connected entities
- Allowing all companies to buy back shares out of capital and to provide financial assistance for acquisition of own shares, subject to a solvency test
- Allowing eligible small private companies to prepare simplified financial and directors' reports
- Dispensing with annual general meeting by unanimous shareholders' consent
