The stipulated requirements in the Pension Reform Act 2004, for quoted companies to qualify for Pension Fund Administrators (PFAs) investment will engender the culture of good corporate governance in such companies. The Act stipulates that only companies that have paid dividends consistently for at least 3 years can qualify for PFA investment.
Chief Investment Officer, Goldman Assets Management Limited, Mr. Seye Adetunmbi, stated this in Lagos, last week, in a paper delivered on “The Impact of Pension Reform on the Nigerian Stock Market, at a business luncheon of the Capital Market Solicitors Association of Nigeria.
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