The controversial oil hedge of CPC: An exercise of power without responsibility

Monday, 28 February 2011 00:01 -     - {{hitsCtrl.values.hits}}

By Eran Wickramaratne

In a democracy the sovereignty of the people is exercised in the final analysis by its voters who hold its rulers accountable.  In a Corporate, management is held responsible for its decisions by the Board of Directors. The Directors are answerable to Shareholders.