Innovaderma Share Discussion Threads

[freddie43] 19/10/2020 20:34

kazoom That is the point. Its a small Board and if a Director is to be added I for one would prefer someone who is truly independent and acting in the interests of all shareholders

[kazoom] 19/10/2020 11:26

freddie4318 Oct '20 - 13:40 - 22991 of 22996



"I see buried in the RNS is acknowledgement that Ward is not an 'independent' NED. Questionable governance. If he has an agenda of his own it should be made visible to all shareholders"



Mark Ward cannot be considered to be an independent NED because he is a major shareholder - nothing more complex than that.



HTH

[mad foetus] 19/10/2020 09:32

He may not be regarded as independent because of the size of his shareholding. I may check the rules later. It means he has a big say in matters like remuneration etc, that's the conflict, not that he's working for someone else

[freddie43] 19/10/2020 09:18

Doc Are you on a retainer. You should be given your recent posts.

[doc robinson] 19/10/2020 08:26

Start looking strong , the new appointment appears to have a very good cv having worked foe some very big blue chip companies.

[freddie43] 18/10/2020 13:40

I see buried in the RNS is acknowledgement that Ward is not an 'independent' NED. Questionable governance. If he has an agenda of his own it should be made visible to all shareholders

[thebugle] 17/10/2020 18:58

Looking very promising. Expecting returns on shareholder value will start to accelerate now.

[stimulationengineer] 16/10/2020 12:59

Motivated me to add this morning too. Be nice to get a proper CEO though....and a UK based one again.

[doc robinson] 16/10/2020 11:43

Market appears to like appointment will keep adding at these levels.

[lord loads of lolly] 16/10/2020 11:27

Not really a conflict of interest. Just a potential lowball buyout threat. But even if this is his ultimate aim, I imagine he'd want to see the company make significant progress first. Which should mean the share price goes a lot higher than current levels within the next year or two.

[freddie43] 16/10/2020 10:53

Definitely a conflict of interest issue here

[lord loads of lolly] 16/10/2020 10:50

Given MW's recent share accumulation, this appointment has been on the cards for a while. His experience should prove highly valuable. My only concern, as I've said for a while now, is if he tries to take the company private at a low buyout price.

[doc robinson] 16/10/2020 10:19

Good time to add at these levels.way over sold based on last results.

[jamesclives] 16/10/2020 10:14

Very good news. Mark's digital expertise will add immense growth.
He will probably want to merge this later with a larger global player.
Looking good.

[anony mous] 16/10/2020 10:04

As at the date of this announcement 1,786,590 ordinary shares of EUR0.10 each in the Group are held by Mark Michael Ward.Executive Chairman and Interim CEO, Joe Bayer, said :"We are pleased to welcome Mark to the Board. Mark brings with him a wealth of technology and FMCG experience which achieves a key board objective of adding more diversity in digital and marketing expertise to the Company's existing strong, multi-disciplinary Board. We look forward to working with him as we continue to implement our strategy and deliver further successes."Mark Michael Ward said:"I am very excited to join InnovaDerma. I have always had a passion for consumer centric businesses and relish the opportunity to work for InnovaDerma which marries high quality brands and a growing digital platform and distribution network. The business has significant opportunities globally and I look forward to working alongside the team to further grow the business."

[doc robinson] 16/10/2020 10:03

Interesting owns 12.3% of company already certainly a incentive to grow from a low base with a 7 million market value!!

[donald pond] 16/10/2020 10:01

Looks a very interesting appointment, I've bought back as a result. Trade not showing yet.

[muzmanoz] 16/10/2020 09:46

So Mark Ward is appointed as non exec director

Mark is a successful and experienced digital and technology professional with strong links to the consumer and service industries. He founded Hunter Macdonald, a digital transformation and services company in 2013 and under his leadership, the business employed more than 400 employees within 5 years. In 2017, Hunter Macdonald was recognised as being one of the fastest growing companies in the UK and in October of the same year, the business merged with Scandinavian based Netcompany which is now publicly listed on Nasdaq OMX. Mark began his career at PwC working in M&A and operations and spent c.13 years in senior operational director roles for Reckitt Benckiser, Verizon, BT and Friends Life.

[stimulationengineer] 15/10/2020 19:37

....and with that statement Teddy slowly shuffled back to his silly old goat farm.

[teddy boy1] 15/10/2020 14:41

In my opinion this share is now officially a write off! RIP, Innovaderma!

[freddie43] 12/10/2020 14:37

Anony
Obviously you like seeing the market cap evaporate

[anony mous] 12/10/2020 13:22

freddieSo you created this new account today on advfn just to post that question.Lol