Conclusion
By Rawle Lucas
Insight
Last week, we looked at the structure of Massy, the business activities in which it was involved and the geographic spread of its markets. This week an effort is made to place its financial performance in the context of the broad and diverse operations of the company. Like all other companies, management of Massy assumes certain rights and responsibilities. It has the right to determine how the resources under its control are used. However, the control exercised over those resources imposes an obligation on the management of Massy to handle them properly and in the best interest of the owners. They must also handle properly the resources entrusted to them by creditors and reach out to customers in a responsible manner if they want those resources to work well. The shareholders of the company have expectations too that management would produce the goods and services to the quality that meet the promises that it would have made to customers.
Further, the shareholders of Massy have reposed confidence in the management also to fulfil the goals that it set and to provide them with a reasonable return on their investment. Much of what we look for in the performance of the company could be found in the relationship between the assets and liabilities of the balance sheet and in the
