It does not appear to help the shareholders. That may be why the New York Law Firm is investigating the issue. Based on performance of the stock in the last 24 months, it would appear that there is a real issue of control within the board leadership. With nearly 70% controlled by institutions and limited public scrutiny, there appears to be little control of the management leadership by the board itself. As an independent investor, this is very concerning. Management performance has been below average as we navigate through the difficulties in Europe and North America, as well as making horizontal invetment strategies to support diversification. Instead the company leadership has doubled down on the vertical chain in automotive and missed the target all together with building efficiency.
The board needs to address this with a serious look at the leadership. Results count, speeches don't.