The Triton board has failed to comply with the ASX Corporate Governance Council’s Principles and Recommendations. The only reason Max surrendered to Fraser was to put out the spot fires. This is not good enough. We need to hold these bastards accountable for their actions. This information is from the Triton website under about us/Governance.
ASX Recommendation 1.6: Companies should disclose the process for periodically evaluating the performance of the board, its committees and individual directors. The entity should disclose whether a performance evaluation was undertaken during the reporting period in accordance with that process.The Company has not complied with this recommendation.
ASX Recommendation 1.7: Companies should disclose the process for periodically evaluating the performance of its senior executives. The entity should disclose whether a performance evaluation was undertaken during the reporting period.The Company has partly complied with this recommendation.
ASX Recommendation 2.1: The board should establish a nomination committee. The nomination committee should be structured so that it: - has at least three members; - consists of a majority of independent directors; - is chaired by an independent director; - disclose the charter and the members of the committee; and - disclose the number of times the committee met throughout the period and the individual attendances.The Company has partly complied with this recommendation.
ASX Recommendation 2.4: A majority of the board should be independent directors.The Company has not complied with this recommendation.
ASX Recommendation 2.5: The chair of the Board should be an independent director and should not be the same person as the CEO.The Company has partly complied with this recommendation.
ASX Recommendation 7.2: The board or a committee of the board should review the entity’s risk management framework at least annually to satisfy itself that it continues to be sound; and disclose in relation to each reporting period whether such a review has taken place.The Company has not complied with this recommendation.
Everyone needs to start applying pressure. Every shareholder should email and phone the company direct. Every shareholder should email and phone Max direct. If Max said we needed to build a pilot plant initially, then where is the announcement, plans, timeline and funds for this to proceed? Why have we allowed this to happen and not held anyone accountable? How can you mumble a few words in a meeting about the change in direction of a company and not make an official announcement to the shareholders?
We are approaching 2 years with nothing! 2 AGM's have past and not even an annual presentation on the organisation's strategy for the coming year.
6 quarters have past with only cut and paste lies. They know shareholders are piss weak and will do nothing. We can't sit home any longer and do nothing because the company will be taken from us slowly. I think Gimme should be the representative for shareholders and at least start by making contact with Fraser. We have not had any shareholder representation since I can remember. certainly not from the board or Puppet Pete. The company has been run like a closed family business and we are not privy to anything. This is not how a public listed company legally operates.
Bear
