The CO-OP scandal, this Financial Disaster, which hit the "HEADLINES" mid November 2013, is now being investigated ! Perhaps now one can expect some explanations !
This Blog raised questions concerning the non-control by the Companies Acts of the payment of "Bonuses" to Directors when they "suddenly" leave companies, irrespective of the reasons, but still collect their bonuses. In fact, often the impression is that when someone quits early, bad news is coming !
If new "Highly Paid" managers join companies with a contract that provides for "Bonuses" to reward the attainment of certain targets, should such contracts not be submitted for approval to Shareholders ?
Likewise, should the payment of such bonuses not be delayed until after the "second" annual Shareholders Meeting by which time the audit of the facts justifying the Bonus, will be much clearer ?
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