Minority Shareholders Association of Listed Companies says the group is set for its launch on November 4 this year.

Speaking during a news conference in Blantyre on Tuesday, the association’s secretary general Frank Harawa said the launch raises the bar and offers an opportunity for stakeholders to meet and discuss issues to advance the group’s cause.

Matewere: Our vision is to see the association grow in the country

He said: “It will be a time for minority shareholders to meet shareholders of listed and non-listed companies, stockbrokers, fund managers and a host of other players.

“Since its birth in 2016, the association has brought together shareholders with less than 10 percent of issued capital on listed companies. Among its objective is to improve understanding of operation of the stock exchange while at the same time encouraging shareholder constructive activism.”

Harawa further said the launch will help shareholders to understand stock market operations.

“Minority shareholders will have the opportunity to make informed on investment decisions as well as ensuring that minority shareholders effectively and constructively participate during listed companies’ annual general meetings,” he said.

In his remarks, the association’s director William Matewere said over the years, they achieved to influence the appointment of independent directors and meet the threshold in some listed companies.

“Our vision is to see the association grow in the country and beyond as well as work with government through public private partnership for more financial assistance in line with Malawi 2063,” he said.

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