Ann: Michael Malone Appointed as Non-Executive Chairman, page-149

“Also contrary to your argument is that if SAS reach profitability Australian investors (and therefore Australia) will benefit from a net inflow of funds from equatorial nations.”

Not really. SAS is domiciled in the UK and its operation is based in the UK. Recently they even got R and D rebate from the UK. If the business does eventually become profitable then technically all of the money will flow to the UK and none of them would flow to Australia unless they decide to invest some of the profit in Australia, which I presume would be highly unlikely.

@kingy I see you were confused between non-exec director and independent non-exec chairman, I don’t believe they are interchangeable. Your second post rectifying your previous one is correct and hopefully you are able to see how little role a non-exec chairman has? That would be MM role in SAS. To me his role is really inconsequential beyond the vanity his name provide. If he becomes the managing director or CEO then that would be different but then Meir would need to step down from his role.

@coppernoob they have received funding from Poland but the amount is paltry in comparisson to the tens of millions of dollars of funding from Australia. They have a Perth office, sure but I fail to see what the relevance is.

@Hunterr “MM is going to take us places we can only dream about now, but soon it will be a reality.” I think hunter is still confused as to what role a non exec chairman has...non exec chairman doesnt really do much, technically even Hunterr would be capable of doing it satisfactorily.