SEC MOVES TO IMPROVE CAPITAL MARKET DISPUTE RESOLUTION SYSTEM
IN a move to improve dispute resolution mechanism in the capital market, Securities and Exchange Commission (SEC) has expressed support for a dispute resolution symposium that is expected to gather stakeholders to address some of the issues affecting the market.
The symposium which is being organised by the Issuers and Investors Alternative Dispute Resolution Initiative (IIADRI), with the theme as “Enhancing shareholders value through stronger and coordinated shareholder associations: why and how?” will feature the Acting Director General, SEC, Mary Uduk, as keynote speaker, among others.
The Secretary of IIADRI, Sebastian Udoh disclosed this in a statement, saying: “Our hope is that after the event the capital market would become a haven of peace and progress.
This maiden symposium is borne out of a near absence of a coordinating entity saddled with the responsibility of streamlining the roles and importance of all stakeholders towards achieving the best outcome from the Annual General Meetings (AGMs) and lack of in-depth understanding of the synergy required to achieve such a desirable outcome.”
He further said: “Ms. Daisy Ekineh, a former Commissioner and one time acting DG of SEC will be the guest speaker at the special capital market event which promises to titillate and educate investors and financial sector stakeholders of various hues on the way forward.” The statement further reads: “Discussants will be drawn from Institute of Secretaries, SEC, Nigerian Stock Exchange (NSE), and Institute of Directors, Institute of Capital Market Registrars, Stanbic IBTC Nominees Limited, Shareholder Associations etc.
The expectation is that robust discussions on the keynote address and on the theme of the symposium by the assembled experts will unearth the critical roles of each stakeholder in the AGM value chain with the view of enhancing performances as well as highlighting ways of achieving an excellent AGM optimization.”