Local investors form advocacy group

By Neil Jerome C. Morales (The Philippine Star) Updated May 29, 2012 12:00 AM Comments (0)

MANILA, Philippines - A group of local investors has formed an advocacy group 

to push for and protect the rights of minority shareholders.

The new group, the Shareholders’ Association of the Philippines (SharePHIL), 

said it wants to guide investors on their rights and obligations.

“The group believes that an informed investing public can help accelerate the 

development of the capital markets by attracting more investments and 

increasing participation in the stock market,” SharePHIL said.

Former Management Association of the Philippines president Evelyn Singson 

will chair the group while Jose Ma. Lim of Metro Pacific Investments Corp. and 

Rex Drilon II of the Institute of Corporate Directors will be the treasurer and 

secretary, respectively. The advocacy group will be officially launched on June 

27, 2012.

“Minority shareholders in any corporation, public or private, and small stock 

market investors usually do not know what their rights are and often do not 

even know what questions to ask in stockholders’ meetings,” SharePHIL said.

For its part, SharePHIL will share information on fairness transparency and 

good governance.

Informed minority shareholders will also minimize corporate disputes and 

increase the trust on management.

Singson said SharePHIL aims to develop a healthy relationship between 

investors and management.

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