Yes looks like directors going to have a rough time see below what is a Inquiry proceedings which step one is and quite sure the PwC report will put this to sleep.
In the first phase of inquiry proceedings, the Enterprise Chamber decides whether an inquiry will be held. The EC can order an inquiry if there are ‘well-founded reasons to doubt the correctness of the course of action followed by the corporation‘. If the EC, having weighed the interests involved, including the corporation’s, orders an inquiry, it will appoint one or more investigators. The company (in first instance, at least) bears the costs of the investigation. The investigators my determine how to conduct the investigation. They may hear the parties involved, and can require access to the administration of the company.The first phase ends when the investigators file their report with the court.The first phase of the proceedings then come to an end, unless the claimants are of the opinion that the report shows mismanagement. Usually, the management board and/or the supervisory board are held to be responsible for misconduct. The claimants have to file a new request, initiating the second phase of the proceedings, in order to have the court rule on mismanagement. If the EC establishes mismanagement, it can take one or more measures to put an end to this mismanagement, such as dismissing directors, suspending or nullifying any decision of any corporate body of the company. The EC can even order the corporation be dissolved.
Of importance is :
The EC can order an inquiry if there are ‘well-founded reasons to doubt the correctness of the course of action followed by the corporation‘.
So the very importance to have a full well carried out investigation that's exactly what PwC has done!!!
That's the reason to have a lawyer as CEO!!
.....im pumping this useless thing today......as for the delays, i'm gonna tata ma chance......i mean they cant *** up ALL the time can they?.....hahaha oh boy
