DCC board move demonstrates how to send a useful signal to shareholders
Appointments of non-executive directors can sometimes send useful signals to shareholders – as a recent move at DCC has demonstrated
When the Irish economic and financial history books are written, the role played by poor corporate governance will feature prominently. It was one of the factors that contributed to the massive destruction of shareholders’ funds in our indigenous banking sector.
But weak governance took its toll on other sectors too. Think about the demise of much of Tony O’Reilly’s empire. Or the sclerotic approach of many of our semi-state companies. Or some of ...
