So what's going on at Oglesby & Butler, the market minnow that occupies a position so far beneath most radar screens that it has until now survived unscathed the trials and tribulations of life as a plc?

Unfortunately, poor corporate governance and a stagnant share price have registered with a number of shareholders, including Standard Life.

The Edinburgh-based institution, which owns more than 5 per cent of the company, recently forced Oglesby to reschedule its annual meeting after the company failed to give sufficient notice.

To be fair, the Carlow-based power tools manufacturer has responded to concerns about its corporate governance, which included worries about the lack of external influence on its three-man board.

It recently hired the former head of Davy corporate finance, Mr Tom Byrne, to join chairman Mr Nevin Dowling and executive directors and company founders Peter and Paul Oglesby on the board, a move seen as positive by investors.

Whether it will be enough to satisfy disgruntled shareholders remains to be seen but December's annual meeting of the company looks set to be the most interesting one for quite some time.

What Oglesby can do to address the share price, which has been stuck in a 40 cent range for the past three years, is another matter.

Currently trading at €0.40, Oglesby has a market capitalisation of just €5 million. But given that it has failed to grow, in an era when companies either expand or die, it's a wonder no-one has turned their attention to it before now.