Vector today announced that it has signed a two year sponsorship agreement with the New Zealand Shareholders Association (NZSA).

“Vector is delighted to support the NZSA. We recognise the independence of the organisation and the significance of its role in enabling investors to participate in the New Zealand stock market,” said Michael Stiassny, Vector Chairman.

“Strengthening the size of the capital markets is increasingly important for the future of the New Zealand economy, and we believe the NZSA contributes enormously to the equity market landscape, particularly by protecting the interests of New Zealand investors,” he said.

“Due to the dynamics and small size of New Zealand’s capital markets, the NZSA faces difficulties in continuing to fund our activities. This is why sponsorship agreements such as the one signed today by Vector are so important to the future of our organisation and in turn, the overall performance and strength of our local capital markets,” said Bruce Sheppard, NZ Shareholders Association Chairman.

NZSA represents over 1000 members and shareholders in New Zealand and aims to fulfil three key functions – educating investors, protecting investors’ interests by monitoring the activity of listed businesses and rewarding investors through the improved governance of the boards of companies listed on the exchange.

 “Vector recognises that it has been a challenging period for investors in recent years and the NZSA has played an important role in supporting investors and shareholders through these tough times. Vector is confident the NZSA will continue to play an important role in educating both investors and listed companies, and we are pleased to support its work through this sponsorship,” said Mr Stiassny.