Is it all about shareholder value?
News popped up from the critical shareholder community of Syngenta (www.kritische-syngenta-aktionaere.com). Mr Folke Rauscher published an article in the Basler Zeitung, here the link from the Handelszeitung. The solution suggested by the critical shareholder community is not very complex: replace the SYN management board in order to increase share value.
Syngenta’s credo is “Bringing plant protection to life”. I think that agrochemicals, with all the pros and cons, are required for a growing community on our planet. The industry is under pressure, and more pressure in order to serve shareholders is not required.
Benzovindiflupyr (Solatenol), a new SYN molecule, was recently approved in the EU, the peer review from EFSA you find here: EFSA Journal 2015;13(3):4043. I think this is a big milestone, well done folks! Benzovindiflupyr is a modern fugicide and a very interesting molecule for mixture products in order to address resistance issues. There is big potential in this molecule.
However, the shareholders want money, the only and single focus. No interest in products, solutions or suggestions for the future in this important business.
Thanks, Mr Rauscher..