By Providence Obuh

Last week ,we discussed the topic bothering on AGM and how companies have been able to utilise that platform to solving issues identified by the shareholders. Contiuning,shareholders have said that companies don’t address some issues because sometimes the right steps are not taken by the them that are supposed to report such un-addressed issues to the regulatory authority.

Unique Shareholders Association of Nigeria, Comrade Lawrence Oguntoye:

Most companies meet shareholders expectation and some fail due to self interest, mismanagement. The issues being raised at AGMs keep repeating every year because most of them don’t have reasonable intention for the company. One major stand shareholders should take is that a company that refuses to listen to shareholders opinion should be reported to the regulatory authorities who are supposed to be checkmating the companies who fail to meet their expectations. We have done that to a particular company.

Mrs. Bisi Bakere, Pragmatic Shareholders Association of Nigeria: Quoted and unquoted companies are suppose to always go back to their drawing boards and look at issues raised by shareholders and find solution to it, although not all issues raised by shareholders can benefit them but they should look at those that will add value to the company and take action on it for the success of everybody, after all minority shareholders have less shares compared to the directors who have the larger shares. So even if any good thing comes out the majority shareholders will be at advantage than the minority shareholders

Mr. Adebayo Adeleke, Secretary Independent Shareholders Association of Nigeria: If they find you have not done anything on the issues raised previously and they feel strongly about the issue, they will reecho the issue, mind you, is not suppose to be a cat and rat relationship, the directors are Trustees on behalf of the shareholders, so I don’t have right to query what they have done, they do whatever they do at the perimeter of ensuring the continuity of the business. So shareholders are not supposed to criticise the company to the marrow. Because as you keep doing that, you are actually hurting your investment, but so far, so good, the platform has been judiciously used but we can improve better on it if shareholders can get more enlightenment as to what and what goes into the making and the administration of companies to perform very well in a volatile environment