Investor Group Sends Letter To Texas Pacific Land Trustees Highlighting Urgent Need For Corporate Governance Reform At TPL
Happy July. We start the month off with a letter from Murray Stahl appealing for clean governance. MS fighting back against the takeover narrative started by the Trustees.
Your press release and the examples you cite simply calls attention with clarity to the range of abuses possible within the current framework. It is for that reason that the other day I called upon you to provide each shareholder with an updated shareholder list to facilitate the formation of open discussion groups among shareholders with a view of developing a consensus regarding alternative governance structures.
Incidentally, I declined to join your exploratory committee since I would have been required to sign a confidentiality agreement regarding governance discussions. I wished to retain the liberty of open discourse and I hope that the shareholders who read this letter will find it to be a constructive effort to promote discussion.