14 December 2017
By the time this CFO Magazine is published, most listed companies will have presented their third-quarter figures. The final sprint to achieve a good year has started, with the hope of meeting market expectations. So, what are ‘expectations’ and what is ‘the market?’ In practice, these conceptions are more complex than ever. As regards the market, I would like to zoom in on shareholders. I deliberately do not say the shareholders. After all, ‘the shareholder’ ceased to exist a long time ago. The differences between shareholders are such that it is difficult to draw up policies accordingly, let alone satisfy all of them.