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.

2 comments:

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.