No wonder that the universe of listed companies is shrinking. It is much too easy to gain control of companies and take them off the public markets. A tiny number of votes above the 50% threshold should not be allowed to force the remaining shareholders out of their holdings. No wonder that stakeholders are disregarded and sacrificed on the mantra of simplistic corporate constitutions.
(3-April-2019)
Roche fails to get control of Spark
Two weeks ago, Liz noted the SEC’s announcement that it is suing ISS in
federal court to compel compliance with an outstanding administrative
subpoena. The...
2 days ago
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