Investors urge market regulators to ensure transparency in post-demutualisation

Nigeria Stock Exchange, Lagos

This comes as the legislative framework that will allow the Nigerian Stock Exchange (NSE) transform from an organisation limited by guarantee into a new one limited by shares has passed a second reading at the House of Representatives.
Demutualisation is the process through which any member owned organisation becomes a shareholder-owned company. Basically, it refers to the conversion of a non-profit, mutually owned company to a for-profit entity limited by shares. Demutualisation segregates ownership and management from the trading rights of the members of an exchange.

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