Some shareholders and I have plans to establish our own shareholders association, which will be registered with the name ‘Galaxy Shareholders Association.’ This is because we are not satisfied with some of the attitude and behaviour of the many of the leaders of the shareholders.

On why they are forming another association

Some leaders, without the consent of their members, will go and have pre-AGMs with some companies. Some of them will collect gifts from these companies for their members. So, instead of using the gifts for the benefit of all the members, they would covet the gifts to themselves.

Another reason is that we believe that Rome was not built in a day. Groups like Independent Shareholders Association and others that have grown so big all started from little beginning.

Some of the benefits we derive from being members are, for instance, we get to know each other when we meet and we meet occasionally to discuss important issues, ranging from those that have to do with the Central Bank of Nigeria, Nigerian Stock Exchange and other regulatory agencies and their policies. We also learn how best to relate with the brokers.

This is just so pathetic in my opinion. No wonder AGM’s are always a charade.