Lawyers warned on potential deterioration of AVZ’s governance
Zijin Mining has blamed AVZ for the DRC’s decision to revoke a mining licence, as AVZ refused to comment whether its trading halt could be lifted.www.afr.com
This is the old AFR article mentioned in today's announcement if anyone has forgotten.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Tell me how paying a consultant in the DRC to encourage a better relationship between the DRC Gov and AVZ is a crime ?
Only people that can take exception are AVZ shareholders because it ended up being a waste of company money when our coffers were starting to run low . It's absurd for these f--king tool bags nuff nuffs in the DRC to think it's some kind of corruption /bribe on AVZ's part . It doesn't even make sense . Bring on the ICSID .
Winenut
Go AVZ!
Anus Hol (okay I assume silent H considering the marketing)
Genius name for a rectum product!
Superbly apt name for the investing climate in the DRC and the powers that be there
Just sayin'....
Anus Hol (okay I assume silent H considering the marketing)
Genius name for a rectum product!
Superbly apt name for the investing climate in the DRC and the powers that be there
Just sayin'....
BRICK
Top 20
Sorry about this Anatol….
Do I get it at chemist warehouse?
Schnitzelfresser
Regular
When will AVZ finally close the Netflix deal? It's going to be a trilogy.
Frank
Top 20
Frank
Top 20
DRC public companies "are going through a deep crisis" (Minister of Portfolio)
Almost all of the DRC's public companies are currently underperforming and their situation remains very worrying, warned the Minister of Portfolio, Jean-Lucien Bussa, at the opening, Monday, December 9, 2024, in Kinshasa of the work of the general assembly of the State portfolio.
Several challenges must be met in order to achieve impeccable management of these companies.
The deep crisis that is currently ruining them is manifested by mismanagement, internal rivalries, lack of rigor and many others, indicates Jean Lucien Bussa.
To promote the effective revival of the DRC's public companies, it is necessary to strengthen the roles of internal audit and to clearly define the attributions of the boards of directors and those of general managers and their deputies.
Some public officials do not respect the rules of governance.
In most cases, according to the minister, the crisis is manifested by "the infelicity of the boards of directors, which, instead of functioning as strategic bodies, want to get involved in daily management.
The general managers, for their part, have difficulty implementing the decisions of the boards of directors and are resistant to control".
These general meetings of the State portfolio are held under the theme of "making the State portfolio a powerful lever for economic growth and social development in the DRC".
The debates will be led by members of the Government, public officials, scientists, students and civil society.
mediacongo
Almost all of the DRC's public companies are currently underperforming and their situation remains very worrying, warned the Minister of Portfolio, Jean-Lucien Bussa, at the opening, Monday, December 9, 2024, in Kinshasa of the work of the general assembly of the State portfolio.
Several challenges must be met in order to achieve impeccable management of these companies.
The deep crisis that is currently ruining them is manifested by mismanagement, internal rivalries, lack of rigor and many others, indicates Jean Lucien Bussa.
To promote the effective revival of the DRC's public companies, it is necessary to strengthen the roles of internal audit and to clearly define the attributions of the boards of directors and those of general managers and their deputies.
Some public officials do not respect the rules of governance.
In most cases, according to the minister, the crisis is manifested by "the infelicity of the boards of directors, which, instead of functioning as strategic bodies, want to get involved in daily management.
The general managers, for their part, have difficulty implementing the decisions of the boards of directors and are resistant to control".
These general meetings of the State portfolio are held under the theme of "making the State portfolio a powerful lever for economic growth and social development in the DRC".
The debates will be led by members of the Government, public officials, scientists, students and civil society.
mediacongo
Needs a murder or two
The History Podcast - Shadow War: China and the West - Welcome to The History Podcast - BBC Sounds
Gordon Corera welcomes you to The History Podcast.
www.bbc.co.uk
Try this for a bit of background.
We all know what we're up against.
This clarfies it.
Winenut
Go AVZ!
Friends let you know the plan??
Is it unreasonable to consider the AFP investigation could be a material adverse change ? If AVZ draws down on the loan by Dec 31 it would suggest AVZ is in the clear . If not then it would suggest there has been a material adverse change . Basic logic .
And why are you expecting an announcement when AVZ draws down on the loan ?
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Winenut
Go AVZ!
How do you know if AVZ had/hadn't drawn down on the Locke facility prior to this next piece of orchestrated AFP bullshit from Fatslobs and/or the other detractors???
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