What To Do When Your Shareholders Aren't Happy
As someone who runs a large corporation, you know how important it is to keep your shareholders happy. Unfortunately, there are a lot of different things that can make shareholders upset, and you could be finding yourself in this type of situation now. Even though you might be completely overwhelmed about what to do, luckily, doing these things can help you keep you with damage control.
Hold a Meeting
The first and most important thing that you can do when your shareholders are unhappy about something is to hold a meeting and talk to them about it as soon as possible. Ignoring the situation or pretending that nothing is going on is never a good thing, and avoiding talking about the situation at hand can make your shareholders even more upset. It's important to schedule a meeting and to invite all of your shareholders to come. This will show them that you care about making things right and that you aren't trying to ignore the situation or ignore your shareholders.
Try to Keep it Out of the Media
When there are issues with many large companies, it's common for the information to be leaked to the media. Unfortunately, this could be bad for your company. When problems are reported in newspapers, magazines and online, people tend to get "worked up" about the situation. Plus, your company's reputation could stand to suffer. Talk to your employees about not releasing this information, and ask your shareholders to handle things privately with your company rather than talking to the press. Also, avoid saying more than you have to when speaking to reporters so that your words don't come back to bite you.
Hire a Lawyer
Although you might not want to think about the idea of being sued or even facing criminal charges, it's possible that you could face poor consequences in many situations. This is why it's imperative to hire a corporate lawyer to help you with the situation, even if you don't think you need one. Your lawyer can advise you about how to proceed and can help you handle any situation that might come up.
It can be very upsetting to know that your shareholders aren't happy with you or your company, but there are things that you can do to make the situation better. Luckily, following these steps can help you prevent the situation from getting out of control.