network 18

DT july 2008

the postal ballot going on is one more attempt by directors to profit for themselves i request one and all to completely give descent to the postal ballot and send it. the directors are taking the company on free roll and think that small shareholders cannot do any thing... small investors show your strength, the postal ballot will only benifit directors who have cornered all wealth for themselves. DIRECTORS HAVE EVEN SOLD SHARED AFTER RIGHTS ISSUE. no incease in remuneration to directors and no essops to employes till the common shareholders are benifited.... vote against the ballot and prove how strong the common small shareholder is.... the company till previous year was making losses but now when the chances of company making profit in comming years seems likely the directors have skillfull managed to keep the wealth with the directors and employes and not pass it on to small investors...earlier many companies have done the same this is one more example of the plight of small investor.......sebi should bring some clause to protect the small investor in case of ESOP'S heafty directors remunerations, some of the options could be--minimum 3 years consecutive cash profits out of which at least 10% should be shared will investors of less than 1 lac.-- minimum 3 year lockin and not more than 25% discount to market price-- directors of public limited companies be paid remuneration only if cash profit in last two consecutive years out of previous three..IS SEBI LISTNING..for investor register your VIEWS sebi www.sebi.gov.in/Index.jsp?contentDisp=SubSection&sec_id=38&sub_sec_id=38