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WFIC Activities. The World Federation of Investors Corporations:
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The WFIC provides a variety of programs to its members in order to accomplish its mission. These include:
•Organizing a bi-annual, 4 day, convention hosted by a member country. Convention topics include investment education and investment information about the host country.
•Assisting organizations in non-member countries with the formation of investor federations and membership in WFIC.
•Offering seminars on investment education and formation of investment clubs.
•Establishing rules for the fair treatment of investors worldwide (Investors Magna Charta).
In 1980 the Magna Charta of Investors was adopted in Paris.
It reads as follows:
Investors Magna Charta
Principles
Our social structure is based on cooperation between capital and labour, therefore rights of private ownership and labour should be guaranteed.
Individually owned enterprises in free market imply carrying risks. Risk-bearing capital is an indispensable factor to progress, just as labour, creativity, inventiveness and social attitude. The possibility of participating in the risk-bearing capital of the enterprise should be optimally guaranteed, avoiding any discrimination between the different categories of shareholders.
Personal share-ownership should be stimulated by means of information and education. The consideration is that as many people as possible should be both risk-bearing and profit-sharing within the given social structure and organization of the society. The rights of an investor as an individual, who invests his money directly or indirectly in securities, should be safeguarded.
Public authorities should aim at such policy that insures fair compensation for the risk of investing in share-capital. This can be achieved by insuring that shareholders have a meaningful representation with management in creating a real shareholders ruling.
Freedom of international transfer of capital should be promoted. Discrimination against foreign investors should be avoided.
Stock Exchange authorities should ensure Investors' confidence by encouraging adequate publicity concerning company transactions, financial performance, and possible conflicts.
In Summary
Investment in securities as a means to wealth should be promoted by the government through legal measures. The acquisition of securities by citizens even with a small capital input will be enable them to participate even with in the profit and growth of a business and thereby in the progress of the nation, as well as in the building of an enlightened world economy.
These seven points outline the principles under which WFIC desires to achieve its goal-Peace and Prosperity for all - through Investment Education. |
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