Capital Market Organisation Calls For Synergy In Conducting AGMs

TRACKING>>The Issuers and Investors Alternative Dispute Resolution Initiative (IIADRI), a Non-Governmental Organisation (NGO) has called for synergy among capital market stakeholders to make Annual General Meetings’ (AGMs) outcomes fruitful.

Mr Sebastian Udoh, IIADRI Secretary, said in Lagos on Thursday that absence of a coordinating entity saddled with the responsibility of streamlining the roles and importance of all stakeholders was affecting outcome of AGMs.

Udoh said that IIADRI, a capital market NGO would remain committed at educating the various stakeholders within the AGM chain value on their rights and roles to enhance market growth and development.

Udoh said that the organisation was borne out of passion to entrench harmony and engender growth in the Nigerian stock market through investors and issuers enlightenment on alternative dispute resolution mechanism.

He said that the association had concluded plans to organise a maiden Issuers and Investors’ Clinic on AGM optimisation to enlighten stakeholders on their roles toward achieving a better market.

Udoh said that the Investor Clinic was themed: “AGM Optimisation: The roles of the company Secretaries, Regulators, Registrars, Shareholders’ associations and other stakeholders’’.

He said that participants at the event would understand their roles better, enhance performances and as well understand ways of achieving an excellent AGM.

Udoh said that target audience at the clinic cuts across the entire AGM value chain which includes registrars, regulators, corporate bodies, auditors and investing public, among others.

He said that the maiden event slated for March 7 at the Lagos Chamber of Commerce and Industry (LCCI) Exhibition Centre would be declared open by Ms Mary Uduk, Acting Director-General, the Securities and Exchange Commission (SEC)