Cannot help thinking the majority of BoDs and management staff are seriously inexperienced and most are where they are swinging and hoping. When it comes to a difficult patch like the markets today, they are way out of their depth and got there by being way out of their depth on the road to this point. Being blindsided by war, inflation, and other nasties.
But the poor quality of directors not only applies to mining and i include notable companies that have been struggling with bad decisions for many years - AMP, AGL, QAN, LLC. Always seems the directors and staff do very well throughout though.
A few decades back, sound advice to investors and traders was always to know your company directors enough to have faith in their competancies and to trust them. Doubt many of us could claim that.
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