I know you didn't ask me but I have very strong views on this so offer these for your consideration:
1. The board determines the ethics and culture of the organisation. They should, my opinion, be the handbrake. The group of wise wizards that determine how to move the company forward.
2. Boards decide whether to be optimists or provide conservative outlooks. Draw your own conclusions
3. The Board decides on appropriate incentives and remuneration. Bonus shares ... Where is the ASX300 remuneration, how did the company even get into that grouping? I don't see a steady hand on the ship.
4. The board has to determine objectives and company policy they would even set guidance on strategy. So they were responsible for low margin, no margin sales ... All this fluff about trials what was, in fact, hiding an unsustainable business model in my opinion. Which we are now seeking to change...
5. Who has fallen on their swords - actually a non-executive who was selling their shares and NC. Both resigned for other reasons.
6. Boards are expected to operate as fiduciaries to the company and I dare say, stakeholders. Well, I personally don't feel they acted in my best interests since I became a shareholder. Will they act that way in the future - I don't know but would prefer a change.
Add to My Watchlist
What is My Watchlist?
