big week, page-14

Pete, Well said.

Following is from conti website

http://conticoal.com/corporate-governance.html#responsibilities

Responsibilities of the Board

The Board is responsible for setting the strategic direction of the company, establishing goals for management and monitoring the achievement of those goals.

The key responsibilities of the Board include:
• ensuring the Company is properly managed;
• appointing and reviewing the performance of any executive staff;
• developing with management and approving strategy, planning, programs and major capital expenditure;
• arranging for effective budgeting, financial supervision and monitoring of financial performance against the strategic plan and budgets;
• ensuring that appropriate audit arrangements are in place;
• ensuring that effective and appropriate reporting systems in place will, in particular, assure the Board that proper financial, operational, compliance and risk management controls function adequately; and
• reporting to shareholders

The above is ONLY on papers / corporate profile.
These people on the board have no respect to what's said on their corporate profile.......