Posted by ktsk88 > 2017-06-09 13:31 | Report Abuse

I think is time for shareholders to determine the directions, the composition of Boards and appointee to overlook the company rather than largest shareholder's to determine everything to protect shareholders and minority shareholders and other Directors due to conflict of personality in the company.

Maybe imposition of maximum 15% shareholding per Director's or shareholder's and need at least 4 shareholders holding combined 51% to have a said in sacking or removing someone on Board. If not we will see more of this issue which crops up too frequent lately.

Stone Master and now IRETEX..............coming soon which one?

Posted by greedkills > 2017-06-09 14:21 | Report Abuse

Agree. FYI, ire-tex has over 55% shareholder vote, and over 95% voted to remove the jokers. Agree that there is a loophole in the corporate system, whereby "votes" which is numbers and facts, being twisted by criminals, especially lawyers, using words or technical bull sheet, deny shareholders rights and decisions. Means, bull sheet overshadow 55% majority shareholder results? What kind of screw up system is that?

Usually the shareholders' fight, both side has a share. This ire-tex fight is pure criminals, the directors have no shares, and intention to kill the company and cause harm. obviously for personal benefit, not shareholders right.

Agree if law set 51%, 75%, etc, certain milestone met shall allow shareholders to carry on with their "results", not some words or spelling typo bull sheet by the fired staff.

More and more such abuse may happen since a staff can blackmail the owners anytime; prime minister fires a staff, can cost country upside down if the staff does this. Maybe that is why there is a special force in the country - to just eliminate jokers who plug within the system. Unfortunately, the corporate world doesn't have such street cleaners. While waiting for upgrades in the legal system. By the time, many corporate victims would have cost the country a generation of loss.