WFIC - World Federation of Investors Corporation

The World Federation of Investors is an independent, not-for-profit organization whose members are primarily national shareholders' associations. WFI was formed to promote investor education and shareholder advocacy. WFI helps national shareholders associations and investor advocacy groups better serve their members. more
November 17-18 – Madrid, Spain
Theme: Investor Advocacy

Mark your calendar!


Volkswagen AG

Stichting Volkswagen Investors Claim's U.S. counsel, Mr. Wiebe, has successfully filed a joint application for an Order Pursuant to 28 U.S.C. § 1782 to Obtain Discovery for Use in Foreign Proceedings ("Discovery Proceedings") for both Stichting Volkswagen Investors Claim and Stichting Volkswagen Car Claim. The next step in the process will be a status conference on Thursday, 25 August 2016 at which the Court plans to set a hearing date for the Discovery Proceedings applications. It is needless to say that we will keep you informed about the status of the proceedings.

After the Volkswagen AGM it became apparent that Volkswagen will only move under judicial pressure. WFI feels the obligation to inform VW investors to consider participating in a court case for compensation vs. VW in Germany because the statute of limitation in Germany could run out on 18 of September, 2016. The Stichting foundation will recommend a funding/legal representation package to retail investors and others. We are still awaiting the complete package from the German law firms involved for the Stichting Board to make its recommendation.

Deutsche Schutzvereinigung für – Wertpapierbesitz e.V. (DSW) has advised that Nieding+Partner will only accept investor applications until Aug 1, 2016 and in doing so investors can still retain their membership rights in any claim by Stichting Volkswagen Investors Claim.

Archived info: Better Finance and DSW Join WFI in Volkswagen Claim


At the March WFI Executive Committee meeting in Berlin a task force composed of Wilfried Hübscher, Henning Wegener and Chairman Ganser proposed amendments to the WFI Bylaws. Attorneys Wegener and Hübscher recommended that the Bylaws be updated to be consistent with current laws, and all three felt the Bylaws should more closely reflect the current investor environment. After discussion and modifications, the Executive Committee approved the Draft Bylaws. The Executive Committee encourages members to read the Draft and email any suggestions or concerns to any member of the task force or to President Jean-Pierre Paelinck. The Draft Bylaws will be presented to the membership at the Annual Congress in Malaga, September 15-16, 2016.

View Draft Bylaws (PDF format)

WFI Executive Committee

Ambassador Henning Wegener and Geraldine Wegener hosted the Executive Committee members at their lovely home in Grunewald.

Former WFI Chairman Lars-Erik Forsgårdh with wife Elizabet and WFI Chairman Roger Ganser with wife Katherine Nahenry at Aktiespararna's 50th anniversary celebration in Stockholm. Dr. Forsgårdh was CEO of Aktiespararna from 1984-2006 and was honored for his success in making it the world's largest investor education organization.

WFI Officers
Active in Regulatory Affairs

Aldo Sicurani, WFI Treasurer
– since 2004 of the Commission Epargnants (Savers' Commission) of the Autorité des Marchés Financiers (French Financial Markets Authority)

Roger H. Ganser, WFI Chairman
– since 2013 member of Investor Advisory Committee of U.S. Security Exchange Commission
– since 2014 member of Investor Issues Advisory Committee of U.S. Financial Industry National Regulatory Authority


The Spanish Association of Minority Shareholders of Listed Companies (AEMEC) is a non-profit organization which defends and protects the interests of minority shareholders, creating communication channels between listed companies and their shareholders, promoting the effective participation of minority shareholders in the affairs of listed companies and also creating a climate of associative sensitivity that promotes the collective defense of minority shareholders' rights. In this connection, at th eAGM of CzixaBank AEMEC defended the interests of CaixaBank's minority shareholders by denouncing the swap transaction between CaixaBank and Criteria. For further information:


Personal investing in equity as a way of forming wealth should be promoted, since it enables individual investors to participate in the growth of business and thereby in the progress of nations and the world economy. Access to their own investment capital in stocks increases individuals' freedom of action and improves their chances of weathering financial difficulties. Private share ownership thus enriches the individual in a number of ways.

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WFI Gala Dinner in Milano, Italy

Perfomers at WFI 2015 Annual Meeting

WFI member Frank Kaneko, Japan, and recording artist Cecile Prakken of Italy, perform at WFI's gala dinner in Milao, Italy.

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