Related-party payments for management and other services continue to be a sensitive issue for US-listed shipowners. Analysts and investors regularly express concern over payments to private family firms that set up public companies and then continue to hold senior management and board positions in them, plus significant shareholdings.
Several public companies listed on New York’s two major exchanges pay out hundreds of millions of dollars a year in fees and other charges to private interests associated with founding shareholders who are also the company’s top executive or director.
These
