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Group Description

Welcome to the Yahoo! Group of the SmartLogik Action Group. In April 2002, tens of thousands of shareholders became disenfranchised when a “waiver” was arranged with the stock exchange. This waiver enabled the new board of directors - a new board that had only been in place for 9 months - to sell the valuable core assets without firstly asking the shareholders to vote in an Extraordinary General Meeting. By taking this action, they succeeded in brushing aside the voting rights of the thousands of people who collectively owned the company. We are now fighting to make our voices heard for justice and for the recovery of the lost shareholders' funds.



Every vote counts in a true democracy and, as we have seen in many political elections, people do not like it when the democratic process is interfered with. And in the corporate world too, every shareholder vote counts, but only when we are allowed to vote - so what happened to shareholder democracy and Corporate Governance in the case of SmartLogik?



If you are a shareholder or even if you are not, support this campaign, because the issues involved affect all of us directly or indirectly. It could be your other shareholding, pension or job that is affected next time!



Feel free to join this Yahoo! Group and speak out on these important issues related to shareholder rights and Corporate Governance. Help us to improve Corporate Governance for everyone.



If you want to comment on any news articles from our News Weblog, please feel free to post here. Please let us know your views. The News Weblog is at: http://www.slk-action-group.com/html/news_weblog.html



Your best friend or relative might be a SmartLogik shareholder and want to know about us. Please link your blog or web site to our News Weblog and let us know, so that we may link back to you!

Group Information

  • 43
  • General
  • Nov 27, 2004
  • English

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