Ann: Change in substantial holding, page-38

The cr is looking like a master stroke now, at current sp, they’re at a premium now. Ouch,

you guys have a memory of a sword fish. It only looks like a premium because the sp had been rubbished by the botched cr’s

I don’t know when some sanity is restored. Remember guys, some companies are being investigated or raided by the AFP. Don’t wait. It’s better to complain if it’s for the protection of the company.


We don’t seem to have an independent director and it’s allowing things out of control?


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Independent directors play a critical role in public companies by enhancing corporate governance, ensuring accountability, and protecting the interests of shareholders. Here are their key contributions:


1. Promoting Objectivity

• Independent directors do not have any material or financial relationship with the company or its management. This allows them to provide unbiased and objective oversight of the company’s operations and decisions.


2. Strengthening Corporate Governance

• They ensure compliance with laws, regulations, and ethical standards, fostering transparency and accountability within the organization.


3. Protecting Shareholder Interests

• Independent directors safeguard the rights and interests of minority shareholders, especially during decisions that might favor majority stakeholders or management.


4. Oversight of Management

• By participating in key committees like audit, remuneration, and nomination committees, they monitor the actions of executives to ensure alignment with the company’s long-term goals.


5. Reducing Risks

• Their impartial judgment helps identify and mitigate potential risks, including conflicts of interest, mismanagement, or unethical practices.


6. Enhancing Credibility

• The presence of independent directors boosts investor confidence by demonstrating the company’s commitment to good governance and fair practices.


7. Strategic Guidance

• Many independent directors bring valuable expertise and diverse perspectives, contributing to better strategic decision-making.


In many jurisdictions, having independent directors is a regulatory requirement for public companies, underlining their importance in maintaining trust and integrity in the financial markets.