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Prof Mak probably gonna frown at this. But from past experience, capitalists with deep "skin in the game" has higher tendency to act more independently (for OPMIs) than those who do not have much money (besides fees) nor reputation to lose.
AEM's non-exec, non-independent director redesignated to lead ID as stake gets 'diluted to below 5%'
AEM HOLDINGS (AEM) on Jan 1 (Saturday) announced that it has recommended the redesignation of non-executive and non-independent director James Toh, 57, to lead independent director with effect from Jan 1, as his stake in the company has been diluted to below 5 per cent, as well as his "independence".
To recap, on Aug 31, AEM announced the completion of the allotment of 26.8 million shares to Venezio Investments, giving Venezio a stake of 8.68 per cent in the company. This has diluted the stakes of other shareholders such as Toh.
https://www.businesstimes.com.sg/compani...stake-gets
AEM's non-exec, non-independent director redesignated to lead ID as stake gets 'diluted to below 5%'
AEM HOLDINGS (AEM) on Jan 1 (Saturday) announced that it has recommended the redesignation of non-executive and non-independent director James Toh, 57, to lead independent director with effect from Jan 1, as his stake in the company has been diluted to below 5 per cent, as well as his "independence".
To recap, on Aug 31, AEM announced the completion of the allotment of 26.8 million shares to Venezio Investments, giving Venezio a stake of 8.68 per cent in the company. This has diluted the stakes of other shareholders such as Toh.
https://www.businesstimes.com.sg/compani...stake-gets