By Tom Winnifrith, The Sheriff of AIM | Monday 30 June 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I met up with Oisin Fanning of San Leon Energy (SLE) some weeks ago and though I liked him greatly I told him point blank that he was overpaid and his interests were thus not aligned with those of shareholders. I made a suggestion and to his credit he has taken it onboard 100% as the publication of today’s AGM agenda shows. This is a groundbreaking victory for The Sheriff and a great day for shareholder democracy and empowerment and I’d like to see it rolled out across the AIM Cesspit – a Fanning Rule.
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