IPEC to share industry developments and reforms at 2017 Shareholder/Investor Forum
Insurance24 Reporter
HARARE, The Insitutute for Sustanability Africa (INSAF) says the dream of receiving meaningful dividends of lost pensions remain bleak with share certificates turning monumental.
The Institute which will hold its Annual 2017 Shareholders and Investors Forum in Zimbabwe next week says many people lost their pensions, savings and investments over the years with the trend continuing to create haunting memories.
Rodney Ndamba, the Forum Convener said in a press statement that the current investment climate characterized by lack of shareholder activism, corporate failures and poor corporate governance requires urgent attention if Zimbabwe is to attract sustainable Foreign Direct Investment (FDI) amid competing for the same investors with other 51 countries in Africa.
He said the forum will seek to tackle inherent issues in the business and investment climate in Zimbabwe.
While the issue of pension funds and insurance, remains a painful memory in the minds of many Zimbabweans, the Insurance and Pension Commission (IPEC) Commissioner Tendai Karonga will share developments and reforms key for the sector.
The regulator has been instrumental in ensuring good corporate governance within the sector in particular on issues of timeous settlement of claims. IPEC also developed a micro-insurance policy that aims to expand insurance products to low income earners in turn increasing the pension penetration rate.
Among the notable presenters are Kumbirayi Katsande (Former, President, CZI), who believes ‘attention should be placed on what Zimbabwe has to offer and what investors expect to find when they consider the country as an investment destination’.
Mr. Adrian Bertrand (Advisor to United Nations Principles on Responsible Investing – UNPRI Office in South Africa) will share his experience on responsible investing practices and values critical in attracting sustainable investments.
The Zimbabwe Stock Exchange will share developments on the stock exchange. This conference is expected to lead to the formation of a Working Group on the Code on Responsible Investing in Zimbabwe (CRIZ) similar to the Code on Responsible Investing in South Africa (CRISA) which was developed along the United Nations Principles on Responsible Investing (UNPRI).
The theme of the conference is : “Driving Good Corporate Governance for Sustainable Investment Climate in Zimbabwe”.
