FT Professional Glossary

Bona fide

Real, legal or true; not false

Example usage from an FT article:

These encourage Japanese companies, that might in the past have ignored bona fide approaches from potential acquirers, to take them seriously and give proper weight to implications for shareholders.
Excerpt from "7-Eleven's Japanese owner explores protected status to thwart
foreign bid"

Read the article here

Explore relevant governance articles

Board changes

N26 co-founder leaves joint CEO role after investor tensions

Valentin Stalf to join supervisory board of Germany’s highest-valued fintech ahead of investor deal

Corporate governance

N26 investors seek to replace chief executive with chair in boardroom bust-up

Backers hope to strike deal that would remove co-founders from executive roles at German online bank by year-end

Corporate governance

BC Partners battles escalating rebellion at key portfolio company

United Group country CEOs join other managers in protesting against ousting of founder

Investor activism

Wise listing fight leaves proxy advisers bruised

Shortcomings among firms that advise shareholders on how to vote should worry investors more broadly

Executive Pay

‘Millionaires’ Factory’ Macquarie faces Aussie pay test

‘Two strikes’ rule looms over Macquarie Bank after shareholder rebuke on remuneration

Go back to the FT Professional Glossary