To add to that... Going forward whoever does run the company...

To add to that...
Going forward whoever does run the company should be a CEO, not a MD.

ABM and it's past destruction of shareholder wealth needs to stop.
Having a board that realizes that the shareholders aren't putting up with the crap and will call EGM and votes at any time to removed any or all board members...sends a clear message to the BOD and ABM management that ALL shareholders who own the company...control it.

By having the CEO (who has full day to day responsibilities of running ABM) with a Chinese wall to the board looks to be the only way to restore shareholder and market trust. The CEO runs that company as per the board's direction and guidance. The board gives this direction and guidance based on creation of shareholder wealth. That's how it's supposed to work...legally anyways.

A example:
Say NST wants to so some kind of deal? JV or whatever? NST can call the ABM CEO and the CEO can then pass on that chat to the board. Who then will give the CEO direction to go in. Again, the board only wants shareholder value to increase, so they'll act accordingly.

Now in the current situation the MD, who's also on the board can make more decisions with-out a big pow-wow of BOD. Cough, cough Old Pirate. MD on the board have way more power than a CEO who's not.

Legally, the CEO can go to the clink if he/she doesn't let the board know of all activities. It's exactly the oversight we need.

More importantly...if NST or another company did push for a deal of some kind and the CEO didn't tell the BOD...that company would be more will to report those actions.
Right now our MD is on the board...Remember that code of conduct?...BL ans SC and maybe even RP are the ones who decides if something has been done wrong.

Right now...IMO...companies are saying PRC is driving so no point even bothering. Or they have and PRC is waiting to get more control.

BL appealing keeps this going...lowers the share price because we can't do deals. Rumor has it that BL even told a shareholder this very fact.

A low share price is great for PRC. All those long suffering shareholders put a sell order in on low volume.

Why did PRC appeal...Sorry...my mistake...why did BL appeal to T/O panels decision?

Last question...and BL and both PRC know the answer.

How many appeals have companies won against the T/O panel over the past 15 years?
There's you proof!