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clock Created with Sketch. 24/03/16
10:35
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Originally posted by BobF
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As shareholders many HC contributors have opinions - lots of them - about why the current board and management are either incompetent and/or are deliberately intent on destroying the company's value. Fair enough. Everyone is entitled to their opinions. The difference between vocal shareholders and the board and its officers, is that the latter have far more, if not all, of the facts at their disposal and have to discharge their duty prudently as officers of those shareholders, in the full light of those facts - which by definition simple shareholders are most unlikely to be party to. Management is accountable for the management decisions they make. Opinionated shareholders are not. (And if they do have more facts than would be expected, then they are likely to be attempting to sway other interested parties based on what would have to be considered to be insider knowledge. And who can know why they would be doing that?)
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Well said BobF entirely agree Management team certainly have a more informed position
