The outcome of today's voting does not matter, as the challenge in itself would be positive for the company's future IMO. The Board now knows it has limited time to perform or there will be changes in a few months time.
The Chairman will be sensible to invite Price again to join the Board, as his experience will be useful. And from Price's perspective he can help increase the value of his holding by being inside the camp and challenge the status quo from within where warranted. He can always resign and challenge again if the Board does not listen.
Full marks to Graham et el also for keeping the agitation going...
Add to My Watchlist
What is My Watchlist?