The Nigerian Stock Exchange (NSE) had said issues of misunderstanding between members of the Shareholders Association will soon be resolved.

Speaking to THISDAY in a chat, the General Manager / Head, Listing, Sales & Retention, Mrs. Taba Peterside, said the issues of misunderstanding between shareholders association is an industry thing and would be resolved collectively by all stakeholders.

"Issues of shareholders association is industry wide that we all have to work together to address it," she said.

Peterside, who was lead speaker, during an event organised recently by the Nigeria Bar Association Section on Business Law and Capital Market Committee Roundtable Discussion, noted that some of the small shareholders do not understand the market and stock values.

Speaking on a topic, 'NSE as a Fair, Orderly and Transparent Listing Platform', she also noted that all the stakeholders in the sector would ensure a greater policing of the shareholders association when the matter is addressed.

On some brokers shortchanging their clients, she hinted that the NSE would deal with any licensed broker if found culpable of the act. "There is nothing we can do if somebody gets involved in a private deal with a broker. However, if there is malfeasance by any broker in any capacity and the broker is one of our licencee, he will certainly be reported and appropriate action taken," Peterside said.

During the discussions, the panelists posited that the benefits are much better if listed on the Exchange despite challenges in the sector. They maintained that when listed there are governance issues that would assist them and that branding way of doing business would also change.

The panelists buttressed further that compliance issues matters a lot because it would send clients away if a listed firm is constantly being penalised by the NSE.

The contributors included Chair, Capital Markets Committee, Ms. Olubunmi Fayokun; Company Secretary / General Counsel, Mrs. Jumoke Bakare; Corporate Services Executive, Mr. Akinwale Goodluck, Partner, Udo Udoma and Bello-Osagie, Mrs. Yinka Edu; and Courtville Business Solutions Plc, Mr. Adebola Akindele, among others.