A core group, appointed from an earlier meeting of investors, met last week to discuss the structure and formation of the association which has the support of the Securities & Exchange Commission (SEC). Among the issues discussed were for the association to be a national voice for investors in the stock market and a catalyst for enhancing the rights of shareholders, promote corporate governance through shareholder activism, protect the rights of minority shareholders, independence of auditors and role of an independent director.
Investor/shareholders who were not present at the first meeting held on June 20 held in Colombo, and are interested in joining this association, can write to the Business Editor (email: bt@sundaytimes.wnl.lk) for further details or by post: Business Editor, Sunday Times, No 8, Hunupitiya Cross Road, Colombo 2 for further details.
http://www.sundaytimes.lk/120715/business-times/proposed-investors-association-taking-root-5751.html