At the last AGM, our beloved Chairman praised Mr Conidi for all...

At the last AGM, our beloved Chairman praised Mr Conidi for all his hard work and that we owe him a great debt. A touching moment. At that stage the share price was 35c. According to our chairman, the MD's outside business interests have been invaluable in advancing Capitals opportunities.
What do say now Mr Chairman? The share price is more than half that at the time of the AGM and one of these “invaluable broader business interests” is allegedly under investigation by ASIC. One of your companies is a shareholder of this company under investigation is it not?. That’s 4 of 5 Capitol directors who have other external business interests currently under investigation by a government agency. Demetriou, Lewis and Sheffield are on the advisory board of Acquire Learning which is being investigated by the ACCC for unconscionable conduct. Nice.
After a bit of research it’s easy to understand the board’s irrational support of the MD via these ridiculous options. 3 of the directors are on the same Acquire Learning advisory group, including our Chairman. The Chairman is a director of Bastion, which has an agreement with a company directed by the Conidi . Demetriou directed companies are also shareholders of Conidi directed companies. How are we ever going to get decent governance when they are significantly co invested in each other outside of Capitol?