Comments on: The AGM circus shows our financial immaturity http://www.sunwords.com/2008/07/13/the-agm-circus-shows-our-financial-immaturity/ by Sunny Bindra Wed, 07 Jan 2009 10:11:04 +0000 http://wordpress.org/?v=2.1 By: Coldtusker http://www.sunwords.com/2008/07/13/the-agm-circus-shows-our-financial-immaturity/#comment-2266 Coldtusker Sun, 13 Jul 2008 14:29:19 +0000 http://www.sunwords.com/2008/07/13/the-agm-circus-shows-our-financial-immaturity/#comment-2266 True. It is frustrating when one wants to ask serious questions but the floor is dominated by inane questions about lunch, transport fare & freebies! I think the managements provide the lunches/food & freebies to keep the serious questions out of the meeting... True.

It is frustrating when one wants to ask serious questions but the floor is dominated by inane questions about lunch, transport fare & freebies!

I think the managements provide the lunches/food & freebies to keep the serious questions out of the meeting…

]]> By: mainat http://www.sunwords.com/2008/07/13/the-agm-circus-shows-our-financial-immaturity/#comment-2275 mainat Mon, 14 Jul 2008 04:11:19 +0000 http://www.sunwords.com/2008/07/13/the-agm-circus-shows-our-financial-immaturity/#comment-2275 I call it on playing by the rules. In this way one can't go to a game football and start running with the ball in your hands, an investor should be alowed into the NSE without the requisite knowledge because for one it makes the market very volatile. I call it on playing by the rules. In this way one can’t go to a game football and start running with the ball in your hands, an investor should be alowed into the NSE without the requisite knowledge because for one it makes the market very volatile.

]]> By: bankelele http://www.sunwords.com/2008/07/13/the-agm-circus-shows-our-financial-immaturity/#comment-2276 bankelele Mon, 14 Jul 2008 06:02:39 +0000 http://www.sunwords.com/2008/07/13/the-agm-circus-shows-our-financial-immaturity/#comment-2276 Most AGM’s are a harmless exercise in corporate rituals. Most of the chairmen and boards know how to handle the crowd, since they usually have at least 60% of the vote, so not much can derail the program. I think if institutional investors were not accorded special separate briefing, they would have to attend agm’s and liven things up with serious questions Most AGM’s are a harmless exercise in corporate rituals. Most of the chairmen and boards know how to handle the crowd, since they usually have at least 60% of the vote, so not much can derail the program.

I think if institutional investors were not accorded special separate briefing, they would have to attend agm’s and liven things up with serious questions

]]> By: Sunny Bindra http://www.sunwords.com/2008/07/13/the-agm-circus-shows-our-financial-immaturity/#comment-2278 Sunny Bindra Mon, 14 Jul 2008 09:34:01 +0000 http://www.sunwords.com/2008/07/13/the-agm-circus-shows-our-financial-immaturity/#comment-2278 Investor briefings: the lunch is posher, and so are the questions. But really, just a question of degree. The events are too 'nice' for anyone to want to seriously derail them. Investor briefings: the lunch is posher, and so are the questions. But really, just a question of degree. The events are too ‘nice’ for anyone to want to seriously derail them.

]]> By: Coldtusker http://www.sunwords.com/2008/07/13/the-agm-circus-shows-our-financial-immaturity/#comment-2324 Coldtusker Thu, 17 Jul 2008 21:28:53 +0000 http://www.sunwords.com/2008/07/13/the-agm-circus-shows-our-financial-immaturity/#comment-2324 Sunny is right... no-one wants to ask the hard questions at analyst briefings lest they are dis-invited to the next one! Sunny is right… no-one wants to ask the hard questions at analyst briefings lest they are dis-invited to the next one!

]]> By: Sunny Bindra http://www.sunwords.com/2008/07/13/the-agm-circus-shows-our-financial-immaturity/#comment-2358 Sunny Bindra Sun, 20 Jul 2008 12:21:11 +0000 http://www.sunwords.com/2008/07/13/the-agm-circus-shows-our-financial-immaturity/#comment-2358 If Safaricom decides to give out free airtime at its AGM, I fear the riot that will follow... If Safaricom decides to give out free airtime at its AGM, I fear the riot that will follow…

]]> By: Leonard http://www.sunwords.com/2008/07/13/the-agm-circus-shows-our-financial-immaturity/#comment-2611 Leonard Wed, 06 Aug 2008 07:56:45 +0000 http://www.sunwords.com/2008/07/13/the-agm-circus-shows-our-financial-immaturity/#comment-2611 I like the article. I beg to disagree with the observation that the qestion "I demand that the company publishes the names of all employees so that we can confirm that the country's eight provinces are represented equally" is part of the "circus' at the AGMs. On the contrary, in light of recent events in the country, this question is quite legitimate. It goes to the governance and recutriment practices of the company. I like the article. I beg to disagree with the observation that the qestion “I demand that the company publishes the names of all employees so that we can confirm that the country’s eight provinces are represented equally” is part of the “circus’ at the AGMs. On the contrary, in light of recent events in the country, this question is quite legitimate. It goes to the governance and recutriment practices of the company.

]]> By: Sunny Bindra http://www.sunwords.com/2008/07/13/the-agm-circus-shows-our-financial-immaturity/#comment-2616 Sunny Bindra Wed, 06 Aug 2008 19:26:29 +0000 http://www.sunwords.com/2008/07/13/the-agm-circus-shows-our-financial-immaturity/#comment-2616 Leonard: Once we start looking for all provinces to be represented in all private-sector companies, we will be in a lot of trouble. We must let privately owned companies make their own decisions, and let the market judge those decisions. I have no doubt that those who exercise irrational discrimination will be cleansed out. But applying 'quota' thinking is a recipe to produce mediocrity. Leonard:

Once we start looking for all provinces to be represented in all private-sector companies, we will be in a lot of trouble. We must let privately owned companies make their own decisions, and let the market judge those decisions. I have no doubt that those who exercise irrational discrimination will be cleansed out. But applying ‘quota’ thinking is a recipe to produce mediocrity.

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