Rubbish! This sort of thing should never happen. It means that the company failed its due diligence, did no risk/contingency planning to avoid a suspension from the loss of a NED and has impacted on shareholders who have a right to trade in a publicly listed company. You can stick up for management all you like but they failed in their duty of care and also the chair of the board failed to factor in this risk which should have been as clear as the nose on your face! If you know anything about boards you should know that this is serious as unless there is quorum no decisions can be made at board until quorum is re-established. It means we have no board at the moment. If boards don't have quorum they cannot even meet to deliberate anything.
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Rubbish! This sort of thing should never happen. It means that...
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