Ordinary Shareholders' Rights Protection in Boltswana

Ratang Sedimo and Kelesego Mmolainyane ()
Additional contact information
Kelesego Mmolainyane: Botswana Institute for Development Policy Analysis

No 71, Working Papers from Botswana Institute for Development Policy Analysis

Abstract: This study seeks to understand institutional frameworks that exist in Botswana to protect the rights of ordinary shareholders. There is no literature on the subject matter in the context of Botswana; hence this study attempts to fill in the literature gap. The study uses a variety of data collection methods, such as semi-structured interviews, the Choppies case study and lessons learnt from other jurisdictions. Findings reveal that ordinary shareholders’ rights protection involves the use of institutional frameworks. In Botswana, existing frameworks are not adequate to protect ordinary shareholders’ rights. Implementation and enforcement of legal and regulatory instruments in Botswana is weak. Furthermore, the study observed that lack of adherence to corporate governance standards created room for the expropriation of ordinary shareholders of Choppies. Learning from other jurisdictions, the study suggests a review of the institutional frameworks in Botswana with an aim to protect shareholders’ rights, more especially the ordinary shareholders’ rights.

Keywords: Ordinary Shareholders’ Rights; Institutional Framework; Botswana (search for similar items in EconPapers)
JEL-codes: G23 G28 (search for similar items in EconPapers)
Pages: 18
Date: 2020-03
New Economics Papers: this item is included in nep-cwa, nep-isf and nep-law
References: Add references at CitEc
Citations:

Downloads: (external link)
http://knowledge.bidpa.bw:8080/xmlui/handle/123456789/164 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bid:wpaper:71

Access Statistics for this paper

More papers in Working Papers from Botswana Institute for Development Policy Analysis
Bibliographic data for series maintained by Poloko Ntokwane ().