Ann: Half Yearly Report and Accounts, page-8

Really wish I knew the answer to your question, Clivus. It would make our hold or sell decision easier.
Logic would suggest that Basham didn't make decisions solely.
They (the Board) did know about the 'silliness' that was/has been going on, but were they seduced by Basham's overly confident, smooth talking patter, as we have been. I have been hit up twice by his antics - Ava Risk and now HCL, so I guess, more fool me. But no more.

Mark Stevens and the entire Board have a grey cloud hanging over their careers, as does the CFO. No amount of schmooze is going to make this fiasco right in their CV's. As Munger says 'you cannot polish a turd' - and HCL is a turd desperately needing a new way. Can this Board do it? Its a big challenge.
Right now I am grappling with just two thoughts.
Does this business have relevance in the marketplace?
What does HCL offer that is unique or excitingly different from that which they can buy elsewhere?
I just don't know, but will give it to end of FY24 to see whether things have changed.
I truly hope they get drilled, baked and fried at the presentation today in the hope of extracting more details of the 'new way'.
Love to hear the outcome if anyone tunes in.