pd1000
- 30 Sep 2004 21:31
Any views on this one? From dead and buried to a big 'reverse in', even the Sunday Times are at it.
Anyone in this one - and with views?
Thanks in advance
hangon
- 22 Mar 2005 14:21
- 18 of 18
An EGM at 8.30 am doesn't look as though they want anyone of their "Retail shareholders" to attend.
Corporate governance requires Directors' action to be for "all classes" of shareholders and I for one will not be getting up early for this miserable outfit.
When casino/betting/internet business is The Thing, you'd think GIN would have some handle on what used to be their fundamental business idea; but not a bit of it - they shied away as soon as it was set to run. - Which makes me conclude that the business was designed to entice retail shareholders - so that Directors could have a good living and send their childern to good schools. Let's hope the next generation learns financial honesty and fair play in their dealings with each other and the population as a whole.
It's hight time corporate Governance was given teeth and for unacceptable excesses = jail.
I say:
No AGM/EGM should be before 10.30am, or after 4.30 - it is also time that such meetings were arranged (Bids?) at central London Hotels where shareholders can visit more than one on any day, thereby making the trip worthwhile. An Internet video-link would be hardly cutting-edge, but would mean those living at some distance could get an idea of the "mood" of the meeting, since the bland RNS ("...all matters were passed...") is about as useless as any RNS can be.
We shareholder own the company, though you'd think it was an exclusive club for the benefit of the Directors.
Or, am I being too hard?