Yes but with all the carry on about governance, following the rules, there must be at least 6 directors (due to the dual listing). The employee example wasnt meant to point out the need for more directors, just that they aren't your run of the mill 'lifestyle company' with nothing going on.
To comply with the US regulations for the audit, compensation, and nomination/governance committees requires at least 3 directors.
For ASX its the same.
I dont know why anyone would view having 2 extra board members than the minimum standard, as a 'Bad' thing... the director fees for 2 extra members are totally negligible and the benefits far outweigh an extra what? 250k total per year at the most?
SYA Price at posting:
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