"That's a lot more than just advising. It's oversight. It's having the best interests of shareholders at heart. Or at least, that's how it's supposed to work."
YEP THATS HOW ITS SUPPOSED TO WORK !
But unfortunately the real world is often quite different to the regulated one. I know an explorer whose largest shareholder ( not the board mind you ) picks the directors he wants, instructs them how to vote, picks the CEO & GM and quickly dispenses with anyone if they dont do his bidding.
The spec end of the market is not called the shark pool for nothing.
BUT there is no such concern with SIPA. Whilst we have issue at times with the methodology and level of communication corporate governance here is as good as it gets IMO.
sold foundations in place for discovery 2014, page-33
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