In today’s briefing:
- CDL (CIT SP): Corporate Governance Casualty. Shareholder Pain Runs Deeper than Promoter Family Feud
CDL (CIT SP): Corporate Governance Casualty. Shareholder Pain Runs Deeper than Promoter Family Feud
- City Developments (CIT SP) aka CDL’s boardroom battle, framed as a family feud, grabbed media attention and overshadowed more serious, long-ignored corporate governance issues.
- Despite prolonged underperformance and founder-family control controversies, CDL’s board have failed to enact decisive reforms to restore shareholder value.
- The CDL saga exposes systemic risks in family-run, publicly listed firms where often corporate governance gets compromised and minority shareholder interests are undermined.
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