THE Barbados Stock Exchange (BSE) is forging ahead to become a shareholder-owned corporation.
Chief executive officer and manager Marlon Yarde reported yesterday that the demutualisation process was well advanced, and he advised it would trigger significant changes in the BSE’s governance structure.
In his message to participants in a three-day conference on Corporate Governance And Accountability at Hilton Barbados, Yarde explained: “As a public company, there will be greater emphasis on accountability and transparency within a new corporate governance framework, in which the shareholders will be holding the BSE to account for the management of the business and affairs of the BSE.”
A demutualised BSE will be required to generate new capital to grow the business while providing returns to its investors.
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