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 LandlordThe 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.
Read More - Opens in a new window
Commenting is closed
The Government announced its long awaited tenancy law reforms today and they mean that landlords will no longer be able to get rid of tenants without reason.
Vacancy rates in the commercial property sector are set to increase as changing economic conditions dampen demand.
LVR restrictions were never meant to be a permanent feature of New Zealand’s housing market and ANZ economists argue that some further relaxing of them could soon be on the cards.