My Food Bag chair disowns CEO's 'outperform' statement

My Food Bag chair disowns CEO's 'outperform' statement
Dan Brunskill
My Food Bag has backed away from comments made by chief executive Kevin Bowler who said the firm would likely outperform the financial forecast in its initial public offer documents.In a written statement, the meal-kit company sought to “clarify remarks” made by Bowler, who told BusinessDesk the company would likely outperform its own product disclosure statement.Chair Tony Carter said the prospective financial information in My Food Bag’s product disclosure statement had been “prepared with due care and attention”...

More Listed Companies

How ‘shareholder value’ became a Wall Street mantra
Policy

How ‘shareholder value’ became a Wall Street mantra

Michael Jensen inspired the transformation of capitalism. Was he a hero or a villain?

Bloomberg 13 Apr 2024
How many boards should a director sit on?
Listed Companies

Simon Robertson: How many boards should a director sit on?

An attempt to judge the composition trends in NZX boards is challenging.

Simon Robertson 13 Apr 2024
Wellington council picks Precinct for major civic square project
Property

Wellington council picks Precinct for major civic square project

Firm will fund and build the new five-star green building.

Staff reporters 11 Apr 2024
Numbers and letters for investors
Markets

Simon Robertson: Numbers and letters for investors

A plea for standardised financial reporting from NZX-listed companies.

Simon Robertson 02 Mar 2024