Thursday, March 18, 2010

shame on you John Keells for this despicable act - and shame on you financial journalists for not reporting this with vigor

I was asked to remove my blog entry as it may be too controversial and ruffle too many feathers like the Board of John Keells , SEC and CSE all of whom were at the receiving end of some harsh criticism my me.


Anonymous said...

the whole board of JKH should collectively take responsibility for this and resign and offer themselves for re- election at the next AGM appointing a temporary board in the interim.

If there is no governance in the largest company in SL what hope have we got for a healthy debt and equity market in SL!!

Jack Point said...

I don't see an issue with this.

A company would normally be expected to take up its rights, but not taking it up is not a particular problem.

A bit of sharp practice perhaps but nothing more.