Southern branches urged for shareholders' advocacy group

Tuesday 20 April 2004

The hunt is still on for a core group of people to set up a South Island shareholders' advocacy group.

By The Landlord

The Shareholders' Association said late last year that it was trying to drum up enough support from southern investors to set up branches in Christchurch and Central Otago.

While some expressions of interest had been received, the association's chairman, Bruce Sheppard, said it did not yet have enough to establish a branch.

"We need someone to step up to the plate and set up a branch down there," he said. "[Membership] is good overall but we do need more support."

Sheppard has previously urged shareholders to start behaving like partial owners of the companies they have invested in.

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