MOMENT

Finweek English Edition - - INSIGHT: LOCAL -

A gold com­pany I fol­low re­cently com­pleted a strate­gic re­view fol­low­ing the ap­point­ment of a new CEO and CFO in the last year (this nar­rows it down to about 10 of the top 15 gold com­pa­nies glob­ally).

in the last two years (this nar­rows it down to about 50% of the top 30 gold com­pa­nies glob­ally) and have had prob­lem­atic op­er­a­tions in the past two years (this nar­rows it down to about 90% of the top 30 gold com­pa­nies glob­ally). Fol­low­ing the strate­gic re­view the com­pany proudly pro­nounced that from now on it would be run along the fol­low­ing lines – it would fo­cus risk. Amaz­ing. I asked: “Does this im­ply th­ese were not the prin­ci­ples on which the com­pany was pre­vi­ously run?” I ap­plaud this com­pany’s new man­age­ment for this value set, and be­lieve that it will do a bet­ter job than its pre­de­ces­sors, but hon­estly this

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