Here's one lesson everyone can learn from because it involves a lot of money. Chinese businessman Li Hejun failed to attend his company's annual shareholder meeting because, according to a spokesperson, he had 'something to do.'
Li is the chairman of Hanergy Thin Film Power and his company has a market cap of $40 billion. But his shares fell over 40% in the last 30 minutes of trading.
Check out the dip!
David Webb, a shareholder activist told Bloomberg:
All directors of listed companies take part in setting the dates of their shareholder meetings, and they should attend. If a chairman of a mainland company did not show up in Hong Kong for the AGM, then it raises questions.
Moral of the story? Don't miss a meeting if you don't have a good enough reason to do so.