Investors and Portfolio Managers Urged to Vote AGAINST Directors of Crescent Point Energy, Cineplex, Cenovus Energy, Hudsdon’s Bay Due to Poor Share Price Performance
March 18, 2018
Shareholders have suffered devastating share value losses largely under the current boards and managements of these companies. Investors, particularly institutional shareholders, must send clear signal and hold these boards accountable for the significant under performance of their stock.
Without accountability, boards such as Cineplex, Hudson’s Bay, Cenovus and Crescent Point will continue to show no regard for shareholders. Investors have a duty to safeguard their investments and exercise their right to reject underperforming boards.
About Accountability Capital
Accountability Capital is the leading activist investor in Canada. Our objective is to drive positive results by engaging boards and managements, and working to change the leadership of underperforming companies, when necessary. We believe there are too many directors who fail in their number one priority which is to work for the benefit of shareholders and to increase shareholder value in a timely manner. Entrenched, inept and arrogant directors often enable poor strategy or execution by management and lead to share price destruction.