A leap into the unknown


EVERY now and again, minority shareholders of listed companies are asked to take unreasonable leaps of faith and make crucial decisions in an information vacuum.

The most common example is when shareholders are called upon to vote for or against a change in a company's auditors. In most such cases, no explanations are offered as to why this is happening. The shareholders are merely told that the existing auditors are on their way out and that new auditors need to be appointed immediately as replacements.

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