Yerevan,  /Mediamax/. The recent changes in the law on “Stock Companies”, which broaden the rights of minority shareholders, will hardly influence the small shareholders of Armenian Open Joint Stock Companies, Director of Investment Department of ArmSwissBank Karen Turyan said in an interview to Mediamax.

According to him, the changes aim at enabling the leadership of the company to make certain steps, given the consent of at least ¾ of the shareholders’ votes, while practically all stock companies in Armenia have been formed as a result of privatization, and the absolute majority of shares in them belong to one person.

“I do not know any Armenian company, where the stocks of minority shareholders make ¾ of the total number. Consequently, the law in fact does not change anything; it protects the rights of so far non-existent entities”, Karen Turyan said.

He noted that in order to form the layer of small investors in Armenia, improvement of population’s life level is necessary, given which people will be able to invest a part of the savings in assets with high risk, such as the stock capital.