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Aveva’s continental governance practices don’t suit the city

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It’s never a great look when your CEO suddenly leaves a few weeks after a monster acquisition.

You know what shareholders are going to ask: is there a problem with the deal? Who will integrate it now? How fast can I sell my stocks and sell them?

And they came up with an extremely unconventional solution to the Hayman problem.

Big mistake. The impression that Aveva’s minority shareholders now have is that they are no longer calling for blows. The French are doing it.

Even though the new guy can do the job, how do they know he’s the best fit if there hasn’t been global research?

We don’t do that here. Just as we don’t tend to have confusing nomination processes dictated by cross-ownership of other industrial companies.

We would prefer that it stay that way.

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