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.
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2 comments:
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!!
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.
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