Shareholder activism key to holding companies accountable
Friday, November 22, 2019
Traditionally, large institutional investors and fund managers dominate the share registers of listed and unlisted entities locally, with retail investors carried along on the decisions the former make. Retail investors tend to adopt dormant positions in the register and instead of informing themselves about issues of concern, rely on proxies to make their decisions.
In developed countries, however, shareholder activism has seen all classes of investors inform themselves and coordinate campaigns against mismanagement, environmental recklessness or poor financial performance, forcing corporate leaders to account.
These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...