HC-7.3 HC-7.3 Direct Shareholder Communication
HC-7.3.1
The chairman of the board (and other
directors as appropriate) must maintain continuing personal contact withcontrollers to solicit their views and understand their concerns. The chairman must ensure that the views ofshareholders are communicated to the board as a whole. The chairman must discuss governance and strategy withcontrollers . Given the importance of market monitoring to enforce the "comply or explain" approach of this Module, the board must encourageshareholders to help in evaluating thelicensee's corporate governance (see also Sections HC-1.2 and 1.3 for other duties of the chairman).January 2014