As a large part of the payment from Mittal is with its equity, those shareholders that decide to sell, take the equity and hold it, need to put pressure on Mittal to improve its Board diversity and independance.
Otherwise they can take the shares and sell.
Onésimo Alvarez-Moro
See article:
A majority of Mittal Steel's independent non-executive directors have boardroom and financial links to the company's chairman and founder, Lakshmi Mittal.
The Financial Times has established that three of the five directors described by Mittal Steel as independent have such links. The news could come at a sensitive time for the company, which is in the middle of a hostile take-over bid for Arcelor.
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