The board has expressed the same opinion as we have, so the...

The board has expressed the same opinion as we have, so the angst against them is unjustified.

However, they have a responsibility to act in the best interests of their shareholders and their funds, not just the merits. Just like companies settling dishonest allegations against them because it costs less than the legal bills would be of a just trial, they see that the cost of continuing may not be worthwhile. The board have spent a lot of time and money to get us to this point, and the government aren't willing to negotiate further. So the board have rightfully put the decision back to us, so we can decide. Not sure what you expect them to do - just spend more time (and money!) without getting anywhere with an intractable government?!

Obviously the government is playing hardball, because they care less about the business environment and shareholders and good governance than they do their finances. If we vote no, they might see that we can't be bought off so easily, and the problem remains to them. But as the board said, it will obviously cost more time and money negotiating further and taking legal action. Or they might try to stall as governments often do - they will obviously take internal advice and make a call about what they think is in their own best interests. Unfortunately as is often the case with this poor government - their interests are often not aligned with the average citizen.