CAP: FGV fiasco – wake up time for shareholders to play an active role
Efficient spending by government-linked entities could not be more important than during the current period of exorbitant indebtedness facing the nation. This means rent-seeking by directors through inefficient pay (e.g., directors’ fees, benefits and perks) should be actively questioned and governed. The bold move by the major shareholders of the FGV in voting against the directors’ fees and...
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