And any troubled company where directors failed to keep shareholders informed of the situation,i.e feltex.
Mark Weldon it seems hasn't got the balls,he would rather play around with corporate plays than do his primary job,The Reason For Him Being There,to govern and police the listed companies on the nzx.
It is good that finally someone have put this issue out in the open instead of protecting the "old boys network".
There should be a website with a list of these guys.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
I guess the point is that Directors of failed companies can be banned for 5 years, yet you can loose $$$$millions of dollars and walk down the road and do the same thing.
I guess the point is that Directors of failed companies can be banned for 5 years, yet you can loose $$$$millions of dollars and walk down the road and do the same thing.
They become consultants and work behind the scene.
i feel a lot can be achieved by this forum.
i have noted the well informed posts,in particular yours on gpg and kmd.
these discussions help us all and i am sure any crooked director will have the
errors of their way quickly brought to our attention by sharetrader posters.
Absolutely support Chris' stance and stand. Directors who hide failures are sophisticated cheats. Honesty and integrity will go a long way towards ensuring faith in our capital market system. It is a pity that we don't jail corrupt decision makers like they do in US...
Bookmarks