Boots Deputy Chairman involved in bid for Company

It is time that the public shareholders create robust defences against conflicts of interest that exist when all or part of top management and board members are involved in bids for the company or assets that are being sold off.
These insiders have a substantial advantage over the public shareholders when assessing the intrinsic value of a company's asset and it sounds more than hypocritical when they argue that they want to make a bid because the market undervalues the shares of the company. Let them buy shares in their private investment account but do not allow them to make bids within a cooling off period of one, preferably two years after leaving the company.