We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Mandatory sentence

25 February 2003

Weak managers abuse the mandatory structure to avoid the scrutiny they would otherwise face in rights issues. Mandatories promise riches to hedge funds and banks. But the ordinary shareholder is left to pick up the tab.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)