[ad_1]
This is the first time in 10 years that the JSE has exercised this power … We have a lot of animosity between the shareholders and the board of directors …
– André Visser, JSE
The Johannesburg Stock Exchange (JSE) on Wednesday released a list of grievances from institutional investors who want to overturn the board of directors of Grand Parade Investments.
The most critical question concerns the collapse of Grand Parade's share price after it has moved from gambling to fast food.
Another problem is the compensation of directors and the turnover of CEOs and CFOs.
The JSE has directed Grand Parade Investments to forward the grievances to the shareholders.
Grand Parade did not, however, adhere to the instruction, said the JSE.
Grand Parade is the franchisee of Burger King, Dunkin 'Donuts and Baskin-Robbins in Southern Africa.
The show of moneyof the Bruce Whitfield interviewed André Visser, Director General of the JSE.
Listen to the interview in the audio below (and / or scroll the screen to get more quotes).
It is a set of unusual facts that we must take into account. We have to follow a particular process … We decided to go through this unusual step …
– André Visser, JSE
The company has its reasons for not publishing the information … Looking at all the fact that we could not see a reason to delay …
– André Visser, JSE
Our role is to remain completely impartial … and to disseminate information in a timely manner …
– André Visser, JSE
Get the 10 most read articles of the week on Bruce Whitfield's Money Show, emailed every Friday morning:
Source link
