BOD holding stake in the company!19 Dec 2022 16:51
Great post Adam!
My personal view is that there should be someone on the board who understands the science and has a decent investment in the company.
Mistakes in business cost time and money. When AIM BOD's make mistakes the cost is passed on to the shareholders. I think this can be avoided if the BOD had their money in the game! Their thinking will be more "aligned" with shareholders. They will not make the same mistake over and over again.
I think more investors will invest in the company when they see that the BOD is fully invested. This is a very big positive! This will encourage more shareholders to buy into the company.
Having a stake in the business makes it very personal. Look at the most successful companies! What do they all have in common? Ownership! Apple, Google, Facebook, Microsoft, Dell, TESLA. The CEO's have stake in the business and they work harder.
How many successful companies are there on AIM? BOD take their wages, use the company to pay for their life style for as long as possible and then they move on without any loss to them. Look at ODX, VAST, MTPH, UKOG and the previous VAL BOD. The previous BOD had destroyed shareholder value. They have no sympathy towards shareholders! They twist things around like as if they are doing us a favor! LOL!!
Entrepreneur are risk takers! What risk do these AIM CEO's take? They are too comfortable! This is why most fail!
Just my opinion. It doesn’t make me right but to make something better it's best we all speak openly.