A recent survey found that 78 % agreed that company managements have lost sight of their obligations to their shareholders.
We think it is incompatible with the obligations of a Chief Executive of a Listed Company to be involved with parties that are attempting to buy the business he is running in a fiduciary capacity for the benefit of the shareholders. While not directly comparable to Insider Trading, this practice - widely accepted today - does not pass the smell test.
Only after a proper cooling off period of between one and two years should a Senior Management Member be allowed to be part of any scheme to bid for his previous employer.
Regulators increasingly rely on policies to disseminate their oversight
actions, with the assertion that the disclosure of regulatory oversight
activities ...
20 hours ago
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