phuocpham
18-03-2009, 08:57 AM
This week will see a series of shareholder meetings,
which are expected to be hotter than previous years, with a lot of
questions to be raised by investors.
The General Director of a listed company complained
that he has become nervous as the shareholder meeting season begins, as
he anticipates the questions shareholders will pose at the meetings.
Like many other companies, his company’s business has
not been satisfactory over the past year, with the export market
narrowed. The company has not cut down the workforce, but workers have
less working hours and lower incomes.
Approximately 10 shareholders’ meetings occurred in
the last week. However, the ‘shareholder meeting season’ will only
officially kick off this week.
Analysts say that shareholders will ask for an
explanation of the leadership of companies regarding the business
results of the last year and about figures in the financal reports.
According to Ngo Van Minh, Deputy Head of the Analysis
Division under Eurocapital Securities Company, the companies that made
financial investments in 2008 will be under pressure. Shareholders of
many enterprises only know that the enterprises make investments, while
they do not know the specifics of the businesses’ investment portfolios.
After releasing the 2008 finance report, which showed a loss, the leadership of the Refrigeration Engineering Enterprise ([url="http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE" style="color: rgb(68, 68, 204); text-decoration: underline;" target="_blank">REE) committed it’s mistakes in making financial investments and explained the business activities of the company. The move by REE’s leadership received active response from investors. However, very few listed companies have committed mistakes like
which are expected to be hotter than previous years, with a lot of
questions to be raised by investors.
The General Director of a listed company complained
that he has become nervous as the shareholder meeting season begins, as
he anticipates the questions shareholders will pose at the meetings.
Like many other companies, his company’s business has
not been satisfactory over the past year, with the export market
narrowed. The company has not cut down the workforce, but workers have
less working hours and lower incomes.
Approximately 10 shareholders’ meetings occurred in
the last week. However, the ‘shareholder meeting season’ will only
officially kick off this week.
Analysts say that shareholders will ask for an
explanation of the leadership of companies regarding the business
results of the last year and about figures in the financal reports.
According to Ngo Van Minh, Deputy Head of the Analysis
Division under Eurocapital Securities Company, the companies that made
financial investments in 2008 will be under pressure. Shareholders of
many enterprises only know that the enterprises make investments, while
they do not know the specifics of the businesses’ investment portfolios.
After releasing the 2008 finance report, which showed a loss, the leadership of the Refrigeration Engineering Enterprise ([url="http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=REE&q=REE" style="color: rgb(68, 68, 204); text-decoration: underline;" target="_blank">REE) committed it’s mistakes in making financial investments and explained the business activities of the company. The move by REE’s leadership received active response from investors. However, very few listed companies have committed mistakes like