Well shareholders certainly cast their votes that have the BSL board running for cover and non-apologetic for poor performance. Strike 1 to the shareholder. A board spill, maybe next year. Comments about luring current mgt away due to remuneration policy is a furfy, they would already have left prior to this but who would want them? Years of only concentrating in the short term has left them coming up short of the mark. Could this company be run any worse even if less well-known directors, CEO etc. were running the company? There are many examples of exceptionally run companies by people not in the top 100 sitting in boardrooms. It's time for a change and cleaning of the floors! I thank institutional holders and bankers for finally voting against current norms and traditions. Hopefully this will change the face of Australian boardrooms in the future. The exclusive boys club may finally be broken.
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