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Message: Re: The role of PMs and CEO/Presidents similar
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Nov 25, 2008 07:32AM
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Nov 25, 2008 08:11AM
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Nov 25, 2008 09:51AM

That is a role that will not be 100% in this case, because it was a tightly held private company before going public, which means that the board as it s still controlled by the former private company people. Their goals are put forth to sustain the jobs, infrastructure, and share price not necessarily in that order. When the company transitions to the TSX.T the extra director who is independant will form the direction of the company, because he will cast the deciding vote and will be shareholder elected ( large funds ) again not necarilly to protect the small shareholder.

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