What does BPPS mean in HEALTHCARE

BPPS stands for Best Practice Principles for Shareholders. It is a framework established by the International Corporate Governance Network that provides guidance on shareholder rights and responsibilities during a company's annual general meeting (AGM).

The primary goal of the BPPS is to improve corporate governance practices around the world and encourage companies to adopt more transparent and accountable practices. Additionally, it seeks to ensure shareholders can exercise their rights in an orderly manner while promoting dialogue between shareholders, management, and stakeholders in general.

Some of the key elements of BPPS include providing adequate notice related to AGMs, setting up adequate voting procedures prior to AGMs, fostering dialogue between shareholders, management, and other stakeholders, allowing sufficient time for questions from shareholders at AGMs, ensuring security measures at AGMs do not unduly impede access by investors or disrupt communication from those attending, enabling disclosure of directors' interests at AGMs with sufficient detail so that investors can make an informed decision.

The International Corporate Governance Network (ICGN) supports BPPS as well as other organizations such as Institutional Shareholder Services Inc., Euroshareholders Association (ESA), Euroshareholders Professional Association (Epa), Japan Investor Relations Association (JIRA) and Korea Corporate Governance Service (KCGS).

Yes. Companies that do not comply with these guidelines may be subject to sanctions such as public censure by regulators or being subjected to legal action in some jurisdictions. Additionally, investors may choose not to invest in a company if they feel it has not taken appropriate steps to ensure good corporate governance practices are implemented.