THE Shareholders Association of the Philippines (SharePHIL) wants to be an official member organization of the Capital Markets Development Council (CMDC), first by forging a deal with the Philippine Stock Exchange that would formally recognize it as a guardian institution in the country’s capital market.

SharePHIL President Francis Lim said the group might soon ink a memorandum of agreement (MOA) with the PSE to become one of its member organizations so it could contribute in safeguarding the transactions and players in the capital market.