RE: Quality building - not1 Feb 2021 12:01
I think when directors behave outrageously with cheating small print, break the trust of shareholders or divert company funds normally going shareholders direction, or expoit the tax payer to the detriment of the diverse economy then quite simply 5% of shareholders should be able to demand an immediate arbitration on the matter. Everything is far too slow and essentially people acting in concert are getting away with fraud, sometimes after being completely rescued by ordinary tax payers/shareholders. It is in everyone's interest to put stop to it. Illegal bonuses should be recovered as part of PAC.
In the case of URA or OCT definitely directors assets should be capable of being seized as part of PAC especially if they have been shown to lie, withhold important shareprice info, have been acting as a 'gang', have broken assurances to shareholders, have not been acting in good faith. The money trail should be followed and stolen assets returned to shareholders. If a state is involved organising a gang or banking for them then I would have thought it doubly serious. The assets thus stolen have to be got back quickly. Investors are often too polite, think state will act, think it was somehow their own fault. A faster method is needed. If NAC is going on PAC to recover assets from criminals or those unfairly favoured for the distribution of tax payer money as per previous who have used an inner circle to insulate their assets on the one hand and delay progress and stability, jobs, opportunities, on the other then a Gov has to operate PAC sooner rather than later. If you consider that expensive energy is one of the biggest barriers to the working economy finding/inventing/entrepreneurially finding its way out of hard times/slumps then I would have thought building cheap green energy would have been much better idea with austerity taxes than rescuing builder assets so they could pay themselves bonuses! (Also Bankers,builder supply, big landlords, crown estate etc and all their bonuses . Been an absolute farce imo. And gov implementing PAC entirely justified to RECOVER assets, and place funds where needed much more
Modelled the energy bit back in 2003!