MIN mineral resources limited

Ann: Resignation of Director - Denise McComish, page-41

  1. 7,727 Posts.
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    Hi Lt ,
    It would be wise for people to remember the effect of collective board responsibility.
    Your implication that the board members who left are deficient because it was " too hot in the kitchen" , may or may not be correct.
    If in their opinion a board decision is unethical or unlawful , despite voting against it , they are potentially liable if they do not resign.
    I suppose the sort of people who allowed CE to misuse his position wouldn't understand the subtlety of that.
    Despite the " swinging d!cks" opinions , it is very unlikely the ethics committee would resign for reasons other than poor governance, not how the company is travelling.
    Anybody care to bet that CE and a number of board members won't be facing ASIC changes this year or next?

 
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