More recently, the battle over the Indonesian coal miner Bumi that pitted Nat Rothschild against the billionaire Bakrie family highlighted the inability of UK listing rules to protect minority investors.
The FCA said its board would consider changing public company voting rules to ensure that any resolution passed by a UK-listed company must have the support of at least three-quarters of its voting shares.
It is also proposing a new rule requiring a controlling shareholder to secure the support of a majority of independent investors for any major change.
The changes come amid an ongoing controversy over a potential buyout of London-listed Indian oil refiner Essar by its majority owner, with leading investors outraged at what they say is an offer that undervalues the business.
If the FCA board votes in favour of the changes they would come into force from May 14.
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