Perhaps add to managerial responsibility is the crucial need to...

Perhaps add to managerial responsibility is the crucial need to maximise efficiency on the assets we have. This generally means maximising revenue and minimising expenses…or perhaps, being prudent and logical with expenses. I think their self appointed rationale in self allocating their self receiving short term incentives strongly suggests they are self serving. A more direct person might call this ‘snouts in the trough’.

Again, congratulations to activists who mounted a professional, polished campaign. Keep the heat under their bottoms. And we smaller shareholders should continue to thoroughly review every announcement through the lens of ‘Is this announcement of benefit to shareholders or more Board BS and smokescreen?’