Transnet managers are not able to make informed decisions in a public company, rather, the elected executive board members make those high-level decisions about the direction of the company.
The corporation is a South African rail, port and pipeline company which is headquartered in the Carlton Centre in Johannesburg.
The Transnet company is a public limited company. Mostly in a publicly traded company, the people that choose to buy stock in the company become shareholders and gain partial ownership of the company. These shareholders collectively elect executive board members who make high-level decisions about the direction of the company.
Therefore, the managers are not able to make informed decisions in a public company, rather, the elected executive board members make those high-level decisions about the direction of the company.
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