Ann: App 2A - Application for Quotation on Exercise of Options, page-4

Great analysis JPGuru,

The Board should be held accountable they are letting the shareholders down. Items they should consider.

Appointing and, where appropriate, removing the CEO,
monitoring other key executive appointments, and
planning for executive succession

Overseeing and evaluating the performance of the
CEO, and through the CEO, receiving reports on the
performance of other senior executives in the context
of the organisation’s strategies and objectives and their
attainment;

• Reviewing and approving the CEO's and, in conjunction
with the CEO, other senior executive remuneration;