Ann: Michael Malone Appointed as Non-Executive Chairman, page-108

"An executive chairman is not a CEO or managing director"

- that's the point! The board are there to hold management accountable, provide ideas, open doors to contacts, to provide wisdom and guidance, to play devils advocate and brainstorm ideas and assist with planning and strategy.

- the key part of MM's appointment is the performance shares if he greatly assists with funding - which Is prIority number 1. Also as the share market is largely about perception wouldn't it be a smart move to put key people on the board wIth a profIle? His appointment was an excellent move in every sense, now he just needs to deliver.