The cell heal annoucement was from a few months ago, while the...

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Drakemaster

162 Posts.

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01/08/23

19:03

Post #: 69106157
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Originally posted by bedger: ↑

I kind of disagree.

These are also governance issues. These are the duties of the Board, to oversee, formally and professionally, if the executive management are persistently under-performing:

"The board is responsible for the overall governance, management and strategic direction of the organisation and for delivering accountable corporate performance in accordance with the organisation’s goals and objectives. This responsibility is usually set out in the organisation’s constitution or in the enabling legislation under which the organisation is registered or incorporated." (Australian Institute of Company Directors)

The series of boo-boo's on releases means oversight is poor at a Board level (it often is of course, these people do two or three, collect near millions even in small caps, and treat their liability responsibilities far too casually). They should be addressing with the executive team on shareholders' behalves.

Write away @mirri11

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The cell heal annoucement was from a few months ago, while the board might know about it - they won't have eyes on a draft until released, neither is it part of their day to day to ensure what and how much clarity to disclose, it's the company secretary's - CEO - CFO's, they need to sign-off at the end of the day.

Not sure how much value it would be alerting a board that already knows, they need to look into the management's business acumen here.

Last edited by Drakemaster: 01/08/23

OSX Price at posting: 7.7¢ Sentiment: Hold Disclosure: Held
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