RE:RE:RE:Independent Director...While a buyout would be nice it is not really neccessary for share price accreation.
https://finance.yahoo.com/news/world-worried-saudi-aramco-world-160000039.html “Today there is spare capacity that is extremely low,” Saudi Aramco CEO Amin Nasser said at a recent conference in London. “If China opens up, [the] economy starts improving or the aviation industry starts asking for more jet fuel, you will erode this spare capacity.”
Nasser warns that oil prices could quickly spike — again.
GLTA
Kherson wrote: Billybabin61 wrote: For what it's worth, as per the governance of public companies, the CEO and the CFO of any public company reports to the board of directors. The CEO makes recommendations to the board for approval and carries out the marching orders or strategic direction of the board. Brussa as an indepedendant is most certainly in the know on all information and has full voting rights.
The BoD as a body represents all of the shareholders and must act in our interest to our benefit. Broussa is an insider by virtue of his seat on the board. Companies are required to have independent board members who are not attached to the company. Brussa like other directors cannot trade within a period of time also called a blackout period if there is impending news of a material nature to be released.
what qualifies as material is whether the news event would have a material effect to the negative or positive on the share price. In this case there was no news release that I can find.
There are regular purchases of shares by directors at times which are fixed over the year at the same intervals and this makes it a little more complicated when it coincides with a material news announcement.
Having worked in the industry for a long time, I can go on but basically that is it.
Under the rules of Cardinal's Corporate Goverance, could you point out in the Board of Directors Mandate where it is stated that an
Independent Director is required to be informed of negotiations for a buyout?
Kherson