WRT to point 4, and being a Pom and fairly recent to Australia, I noted that you mention that the Directors have a duty to shareholders and this may be a difference between UK & Australian corporate governance law. In the UK, executive directors have a duty to the company not the shareholders, non-executive directors have a duty to shareholders. Hopefully either you or another on HC can clarify for me.
If AJX was a UK Co, the non-exec directors would be expected to challenge the performance of the Execs and question the value they bring. If Australian Corporate Governance is similar to UK then we the shareholders should also be requesting an update on the activity on the non-execs and questioning the scrutiny that they are providing as well as the value of exec Directors
Lumpy
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