Ann: The a2 Milk Company to defend class action, page-2

I guess it depends if those hard times were caused in some part by the board not having adequate measures and systems in place to control risk factors, for example an inventory management system.

Whilst Covid was unpredictable some of the failings because of it may well have been preventable. A well paid board and management team who just maybe got used to the good times and did not have the underlying foundations required for when times wern't so good. Did they really comply with their own statments?

The Board is responsible for the overall governance and
operations of the Company, guiding the Company’s strategic
direction, monitoring risk, and overseeing the activities of
management. All issues of substance affecting the Company
are considered by the Board, with advice from external
advisers as required.

Not part of the class action and have not read the full list of claims against A2M but with the poor work of the other so called shareholder avenues, class actions have become one of the only means for shareholders to try and make a point against a company and hold them accountable.