NSE: Shareholders Vow To Reawaken Accountability, Integrity

[Shola Sholaz]

The era of praising singing shareholding may be coming to an end, as an emergent shareholder group, Association of Avid Shareholders, has vowed to hold managers of quoted companies and regulators of capital market to highest level of accountability and integrity.
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Speaking at the inaugural meeting of the association in Lagos, the President, Mr. Abayomi Obabolujo, said that the association would explore every available means to achieve the set objective.
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He noted that the association would among other things: Institute court action against non- performing executives of quoted companies with a view to either relieve them of the job or to put them on their toes; sponsor bills to the National Assembly, NASS, on issues neglected in the market and will as well engage fiercely with companies in their annual general meetings on gray areas in their financial statements that were previously ignored.