Do you think that that the Chairman of an ASX listed company who is attempting an aggressive takeover of the same company he oversees be forced to stand-down from official duties and internal information & communications during the takeover proceedings? Thumbs up if you agree.
I consider this a conflict of interest whereby a said Chairman continues to direct and oversee the takeover target ASX listed company throughout the aggressive takeover process. Especially if (for instance) there is no executive director/MD on the management team.
After all, the primary role of a director/Chairman is to protect the interests of its shareholders. Allegedly.
Thumbs up if you agree
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