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clock Created with Sketch. 21/01/17
15:25
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Originally posted by Amused observer
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Probably worth looking at the key staff movements over the last 12 - 15 months as that will shine some light on things but yes there are some issues with the current Board but they are fading into obscurity compared to the alternative. The current Board is not remiss of poor performance as a collegiate but given where BAL is at right now maybe they are the better option. The main issue would seem to be the Chair, the CEO and the CFO and they all signed declarations on the accounts for the last financial year and yet two of those traded their shares not long afterwards. Also I would include the head of the Risk Committee who is a Non-Exec Director perhaps failed to ensure a full and robust risk management framework was in place that recognised the true risks and sought to have appropriate mitigations in case of an event and contingencies to protect the shareholders funds for those events.
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This observation is right on the money, How do you have faith in the current Chairman & Board with their past record of non-disclosure? Also we have to be very cautious of Ms Cameron & the Pirates from Black Prince who are not concerned in the slightest for the mug share holders, but only how they can profit from this disaster.
