"the positions of some or all of the current Board members must be brought into question considering past and even recent Board actions and inactions"
I wouldn't say that the positions of all current Board members are or should be in question, or at least not to the same degree.
As I see it the directors fall into three categories:
- Pretty / Gien - ought to shoulder the bulk of responsibility for governance failures since their appointments in May 2020, arguably as much, if not more so, than Mark himself given his conflicted role at Executive Chairman and their failure to provide effective controls/oversight
- Jain - appointed in Feb 2022, member of committees since May 2022, co-signed Directors' Statement in support of Mark in July 2022
- Chmiel / Rann - appointed Jun/Jul 2022, not party to Directors' Statement, though recommended (along with all other directors) that shareholders vote in support of Mark at the EGM
IMO the positions of Pretty and Gien are untenable - the only question for me is when is it in the company's interests for them to be removed/replaced.
Shareholders have another chance next week to exercise their voting power to influence board composition, and they can start by removing Gien and Rann to reduce the size of the Board to a less costly and more efficient size.
Every vote counts.
- Forums
- ASX - By Stock
- SPA
- Ann: Further Leadership Update
Ann: Further Leadership Update, page-54
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SPA (ASX) to my watchlist
|
|||||
Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.33M |
Open | High | Low | Value | Volume |
2.6¢ | 2.6¢ | 2.5¢ | $1.477K | 58.35K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 280040 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 246827 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 280040 | 0.025 |
1 | 40000 | 0.023 |
2 | 403638 | 0.022 |
5 | 261000 | 0.021 |
3 | 1000000 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 116211 | 3 |
0.028 | 173171 | 3 |
0.029 | 375000 | 2 |
0.030 | 1077046 | 4 |
0.032 | 309094 | 2 |
Last trade - 14.32pm 23/08/2024 (20 minute delay) ? |
Featured News
SPA (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online