SEQ 0.00% 34.0¢ sequoia financial group ltd

Ann: Director Resignation - Mr John Larsen, page-3

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  1. 4,503 Posts.
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    No, I don't believe he is as he is on a few boards that have Garry Crole as a common director SB isn't common on any other boards as I can locate. My personal view is that he just doesn't like that they have to go the requisition route and is taking this opportunity to resign. As I recall he has 300,000 shares so has a bit of skin in the game. Not material to any decision though.

    Really the poor form seems to be that either SB has sufficient support - cannot take more than 3 hours to contact almost 80% of the shareholders by votes and you would know. In most companies, this would be resolved in a room. Maybe JL is reacting to that.
 
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