Slater

Lakehouse – Corporate Governance is Not Just About Box Ticking

The affairs of Lakehouse where major investors Slater Investments and Steve Rawlings have requisitioned an EGM to remove and replace the non-executive directors has been covered in previous blog posts. Slater has now issued some explanation for the reasons which can be read here: http://www.investegate.co.uk/slater-investments/rns/egm-statement/201604010700107965T/ The board of Lakehouse criticised the three new directors proposed on the basis that they were not independent and hence that corporate governance rules were being broken. The requisitioners say though that "Corporate governance is not just ...

Lakehouse – All Still a Puzzle

I attended a presentation by Lakehouse (LAKE) last night at Mello. I was keen to learn more about this company, and why a requisition to remove directors had been made recently which is a somewhat unusual event. The public announcements and national media comments on it left a lot of questions unanswered which I hoped might be supplied. Here are some notes on the meeting. First some background. Lakehouse is an asset and energy support services group that constructs, improves, maintains and ...
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