In hindsight Conry's resignation indeed arouses suspicion to be...

In hindsight Conry's resignation indeed arouses suspicion to be a little hat trick to render Iolite's motions non-compliant with Company Law as the company would fall under the mandatory number of resident NEDs.
This despair, unprofessionalism and sheer stupidity demonstrated publicly gives us an idea of these gentlemen's mindset and how they have been running the company. New NEDs would also yield the opportunity to investigate their decisions and dealings in the past. Sunshine is the best disinfectant.