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Originally Posted by Big Game Indeed. And the Coop's purpose (so I understand) is not even to maximize shareholder revenue. So really, to initiate a shareholder D's suit on that basis that the [board] is not maximizing returns would get no where. |
MRG is a for-profit corporation, owned by shareholders, *not* a non-profit cooperative.
The Board has every reason to maximize shareholder value as well as fulfill it's mission statement to "preserve and protect" General Stark Mountain. I feel that the board should be held accountable for their actions if they were shown to decrease shareholder value. Anyone who believes that the Board wouldn't have any liability has been hanging with the Canadian snowboarding team for far too long.
Jenny