Investors hurt by poor governance

2014-02-04T23:21:02-08:00February 4th, 2014|Categories: Corporate Governance|Tags: , , |

A high-profile analyst has warned that poor corporate governance at companies almost always leads to returns to shareholders being compromised, with David Jones and Treasury Wine Estates sounding alarm bells. David Errington, an analyst at Bank of America Merrill Lynch, said that when good corporate governance breaks down, it invariably leads to a poor outcome for shareholders in the short term as financial performance deteriorates and managers become disenfranchised. Just when shareholders have all but given up, there is [...]