Mar. 18 at 10:03 PM
$BRID 1st part:he company’s current governance structure appears to prioritize the interests of the majority family shareholders over those of outside investors. The focus seems to be on maintaining the status quo and preserving a legacy for future generations rather than creating value for all shareholders.
Over time, elements of nepotism, favoritism, and cronyism appear to have emerged. Nearly fifty family members are employed by the company, and protecting these positions seems to be a central priority. As a result, decisions that could unlock shareholder value-such as selling underutilized assets or considering strategic transactions—are effectively off the table because they could threaten family employment or control. Call it what you will, but these traits are reminiscent of terms such as, "poison pill", "entrenchment" and "minority shareholder oppression". These represent examples of poor corporate governance sending a dubious message to the market while undermining confidence.
