BRN Discussion Ongoing
- Thread starter TechGirl
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I pointed out in my earlier post that Onsor demonstrates the lengthy adoption style and this is outlined on the Onsor website.
No doubt its been frustrating for all holders but unfortunately there are no shortcuts.
Directors.
"In practical terms, acting in a responsible and ethical manner towards stakeholders (such as customers, employees, community and the environment) is necessary for the promotion of the interests of the company and its sustainability, and builds long-term value for shareholders.
Of course, this does not mean that all stakeholders will be satisfied with every decision taken, given stakeholder interests will be diverse."
My bold above.
The BOD have to prioritise long term value for holders over short term value - its the horse we are riding..
As the timeframes to revenue are lengthy (we are closing in on the future though) the BOD has had to remain firmly focused on the long term. This the reason for LDA cap raisings - the alternative is and was going broke.
Another aspect is that case law is very firm that Directors fiduciary duty is the entity and not individual holders.
The cornerstone case was Percival v Wright (1902) - UK but applies here as much as it did in 1902.
Briefly a group of individual holders of Nixon’s Navigation Co. approached the Directors to buy their shares. The directors after negotiations purchased the shares. Unbeknown to the holders during negotiations the Directors were also negotiating sell the entire company to a third party (Holden) which would have substantially increased the share value - the negotiations subsequently fell through though.
The shareholders later sued alleging nondisclosure of the negotiations.
The shareholder's lost their case on the basis that Directors duties are to the entity and not individual holders.
The case pretty much lets holders know where they stand - its basically 'like it or lump it' when it comes to the BOD setting a course for the business.
www.bing.com
No doubt its been frustrating for all holders but unfortunately there are no shortcuts.
Directors.
"In practical terms, acting in a responsible and ethical manner towards stakeholders (such as customers, employees, community and the environment) is necessary for the promotion of the interests of the company and its sustainability, and builds long-term value for shareholders.
Of course, this does not mean that all stakeholders will be satisfied with every decision taken, given stakeholder interests will be diverse."
My bold above.
The BOD have to prioritise long term value for holders over short term value - its the horse we are riding..
As the timeframes to revenue are lengthy (we are closing in on the future though) the BOD has had to remain firmly focused on the long term. This the reason for LDA cap raisings - the alternative is and was going broke.
Another aspect is that case law is very firm that Directors fiduciary duty is the entity and not individual holders.
The cornerstone case was Percival v Wright (1902) - UK but applies here as much as it did in 1902.
Briefly a group of individual holders of Nixon’s Navigation Co. approached the Directors to buy their shares. The directors after negotiations purchased the shares. Unbeknown to the holders during negotiations the Directors were also negotiating sell the entire company to a third party (Holden) which would have substantially increased the share value - the negotiations subsequently fell through though.
The shareholders later sued alleging nondisclosure of the negotiations.
The shareholder's lost their case on the basis that Directors duties are to the entity and not individual holders.
The case pretty much lets holders know where they stand - its basically 'like it or lump it' when it comes to the BOD setting a course for the business.
law case Pecival V Wright 1902 - Bing
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#ai #edge #technology #marketresearch | Melvin Sörum | 10 comments
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Isn’t this on loihi2?As expected (and predicted), Markus Schäfer has posted one more time about neuromorphic computing in the context of the NAOMI4Radar project before stepping down as the Mercedes-Benz CTO at the end of this month:
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