If the gratitude of the Torm shareholders towards the company or the Chairman of the board N.E. Nielsen was to be measured on the applause from the audience during the General Meeting on 23 April in the Falkoner Center in Copenhagen, it did not exist. Neither gratitude, thanks nor applause; only extreme silence as N.E. Nielsen moved towards either the rostrum or his seat in order to present new negative figures in the Torm 2011 annual report, present the board’s report or answer critical questions. Especially, the number of critical questions among the shareholder was high on the General Meeting which gave the board authority to turn the conditional agreement in principle with banks and owners of chartered ships unconditional within four weeks.
After this, the new owners will have the task of choosing a new board, N.E. Nielsen answered in a direct question from the audience.
Already a subscriber? Log in.
Read the whole article
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.