The Securities and Exchange Commission (SEC) says it is ready to serve as the mediator to settle the boardroom wrangling among shareholders of HFC Bank.
sec[contextly_sidebar id=”gXsQZAGfMqBHFOuEbjC2VxMIRRvtUegn”]This comes after the parties involved in the fracas hinted to Citi Business News they may settle the case out of the courts if the conditions are favorable.
The bank’s EGM which was scheduled to be held today, February, 17, 2015,but was on Friday cancelled for the third time due to a stay of execution filed at the Appeals Court by a shareholder of the bank.
Speaking to Citi Business News Director-General of the Securities and Exchange Commission Dr. Adu Anane Antwi said SEC will help resolve the issues surrounding the EGM if the parties approach them to mediate the matter.
“These are shareholders right and if they decide to come to us that we have these problem can you help us resolve it then we can do that but if somebody is going to court there is not much we can do about that. So if they think there is a role the SEC would have to play, we will be prepared to do that where they are unclear with issues definitely we will do that.”
By: Norvan Acquah – Hayford/citifmonline.com/Ghana