GBG 0.00% 2.9¢ gindalbie metals ltd

removal of board management, page-26

  1. 5,583 Posts.
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    Katoom,

    "Failure of this company? How so? Or do you mean your failure in not setting a stop/loss or selling at $1.70 as the board isn't responsible for losses only you."

    That's incorrect, I refer you to the first line of Gindalbie's corporate governance statement.

    "The Board’s primary role is the protection and enhancement of long-term shareholder value. The Board
    takes responsibility for the Company’s corporate governance program and oversees its strategic direction and
    conduct of business activities."

    What the OP seems to be asking is that, has the board protected and enhanced shareholder value? he or she thinks not and is fully in the right to hold the board responsible for any losses suffered.

    And if you follow the statement in the changes to equity from year to year, then it's clear that the board has failed in its primary role.

 
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