This has reference to an article published in
this forum 2 days back on 11 lakhs rupees spending by the Board of directors for the
celebration of 25th anniversary of Hotel Goan Heritage.
As a Shareholder, I
condemn the Board for spending such a big amount of money unnecessarily. Worst part of it was that share holders were
not even invited to take part in the celebration.
Spending 11 laks of rupees to fritter away
money meant for shareholders as dividends is wasting of share holders
money. Is this amount budgeted and were
the shareholders taken into confidence on this subject? Spending this huge
amount on celebration is like a robbery done by the Board on shareholders.
Were the 2 Kuwait based directors taken into
confidence before deciding to spend this amount? If not then both the Kuwait based
directors if they got a shame should submit their resignations.
Otherwise what is the benefit of the Kuwait based
directors if they cannot play any constructive role? One of them is such a shameless that for show
business and for fake honour he will do anything.
The other is a "Bach'cha" who does not know anything but wants to be in the
board for show.
Were the new directors based in Goa like Chef Jerry, Pascoal Soares and Sequeira aware of
this expenditure? Were they taken into
confidence by the Board when decision taken on this subject? Were they aware of this reckless expenditure? And what will be their reaction on this now?
They were selected by the shareholders to do justice. Are they doing the justice by allowing the chairman and Wilsons to waste the money in lakhs? Justice to the shareholders is expected from them, even at this late hour. They cannot remain asleep like the 2 Kuwait based ones.
On 30th of this month there is going to be the AGBM of the Hotel company at Panjim.
Share holders must attend this meet and question the Board on this
topic. Also the shareholders must
question the board on what basis second Kuwait based director inducted into
the Board. Is it thru chamchageri? What is the especialty of this director?
Share holders must be assertive of their rights
and privileges. Heritage Hotel is not
the monopoly of directors. They are there to protect the interest of the
shareholders and not to waste money.
This Board is unfit to run the affairs of the company and all the Board
members are useless including the two idiots based in Kuwait.
May God Save Hotel Goan Heritage from the grip of greedy Directors.
A CONCERNED SHAREHOLDER.
