As a retailer holder you want the Stokes to be in control and...

As a retailer holder you want the Stokes to be in control and have massive stake in the company, because they have their fortune at risk
and they fired any deadwood and throw pig at the trough out and they work hard for their money and you be a beneficiaries out of it.

The board wants to protect their jobs and big pay package because with them in Control this protection is gone, you don't perform or you ripped off their money you get throw out.

I love the Stokes to have massive stake in any Stock I hold without premium, who care that premium will be delivered to you in
better management of the business and cost control and hence the share prices

look at Boral before the Stoke raid the registry? they get onboard they demand change, they advocate non-core asset sale, repair balance sheet
I dare say without them onboard Boral will be in a lot more trouble now.