[miningmx.com] – THE UK has been urged to consider tightening its listing requirements in the wake of two high profile scandals at Bumi, a coal producer in Indonesia, and Eurasian Natural Resources Corporation (ENRC).
The two companies have been rocked by allegations of wrong-doing and fraud and have attracted negative attention to the London Stock Exchange where they are both listed.
As a result, there have been calls to improve governance with critics saying the LSE is too flexible.
“There are a lot of issues we want to flush out,’ Adrian Bailey, a member of parliament and the chairman of the Business, Innovation and Skills Committee told the Financial Times.
“When a company like [ENRC] is subject to so much international criticism, it hardly reflects well on the authority that listed them,’ he said.
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