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Articles
Board of Directors under fire at General Assembly Nyrstar NV : €5 million per year for an empty shell
Minority shareholders sound the alarm about poor governance, conflicts of interest, mismanagement, and excessive spending. Nyrstar NV, a...
Jun 255 min read
Nyrstar's board of directors is sinking further into its self-created quagmire.
Another unexpected twist in the Nyrstar case: Kris Peeters withdraws as candidate director. What could be going on? Kris Peeters - ©...
Jun 192 min read
A Sector Ban to Restore Trust in Corporate Governance
The integrity of corporate governance is under increasing scrutiny — and rightfully so. Belgium’s recent history has shown how vulnerable...
Jun 152 min read
The Nyrstar Case: A Textbook Principal-Agent Problem
The classic 'principal-agent problem' played a central role in the Nyrstar case. Kris Vansanten describes how board members and legal...
Apr 52 min read
Reflections around the hearing to strengthen Belgium's capital market
"The protection of minority shareholders and the strengthening of the Belgian capital market require well-founded analysis and policy....
Jan 281 min read
When Loyalty Clashes with Duty: Legal Battle Brews at Nyrstar
It appears that, as part of the restructuring of Nyrstar, the listed residual company Nyrstar NV was transformed into a shell company...
Sep 1, 20242 min read
Keep (or not) quiet, little one
When the grown-ups talk, the little ones must be silent. This was a familiar scene at many family tables for a long time. In the business...
Jul 23, 20245 min read
Politicians, it is now your turn to act!
After more than five years of struggle by a group of minority shareholders against Trafigura's takeover of Nyrstar, and with the facts...
Mar 28, 20241 min read
Ladies and gentlemen, politicians, the floor is now yours.
Following more than five years of minority shareholders fighting against the alleged fraudulent takeover of Nyrstar by Trafigura, and...
Mar 28, 20241 min read
Luc Tack must regain the trust of Tessenderlo investor
'The market seems to have completely lost confidence in Tack,' says Naard Broeckaert, a renowned asset manager. Why is that? Tessenderlo...
Mar 25, 20242 min read
Auditor Deloitte hedges its bets on conviction in Nyrstar case
Following a period of over four years during which we have been urging the former and current commissioners of Nyrstar to take...
Feb 13, 20242 min read
Two cases against Trafigura on suspicious payments
This year, Saint Nicholas once again generously distributed gifts to all the well-behaved children. The minority shareholders of Nyrstar,...
Dec 6, 20232 min read
Accounting firms accused of ‘operating with impunity’ as regulator flags growing number of flawed audits
Investigative journalism by the International Consortium of Investigative Journalists (ICIJ) shows that (i) US regulators are...
Aug 1, 20231 min read
Audit firms fight to block expansion of fraud detection role
The US is preparing new rules to increase the responsibility of audit firms with respect to corporate fraud. These new rules would widen...
Jul 31, 20232 min read
Shareholders can stop sale of crown jewels
The federal government is tightening rules on the sale of significant assets and corporate governance at listed companies. Very nice to...
Jul 20, 20231 min read
Second group of Nyrstar shareholders takes legal action
Here is some more colour to support my statement that the Nyrstar General Meeting was a demonstration of malgoverno. The Board of...
Jun 25, 20232 min read
Where is the moral indignation about the Nyrstar case?
While Trafigura ransacks and incorporates Nyrstar, a jewel in our industrial crown, everyone stands by and watches. The Turnhout...
Jul 26, 20223 min read
Open letter: "Appeal to the Belgian Government and the Presidents of the Belgian Political Parties"
The signatories of this appeal are individuals or companies who intentionally invest in Belgian enterprises.We do this from a perspective...
May 28, 20206 min read
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