"Xped stated Lisa was involved in some other business activities and would not have the time for full commitment to Xped is not Stefanac the same and has to be questioned"
Stef - when you make comments like that you really can't complain that others may think you are 'up to mischief'.
Surely you can't be so naive to think that a director resigning is the same as a senior manager accepting a Board Director position at another company. The first is 'material'. The second, where there is no conflict of interest, is not. End of story.
It is Stefanac's decision to work 35 or 40 or 50 or 60 or 70 hours a week. It is no business of Xped's if there is no conflict of interest and if he is able to meet his contract obligations. End of story.
As I posted earlier, it is common place for executives to take director positions at other companies - very common. But you seem to just want to ignore that.
In fact many see it as a valued professional development option - as detailed here:
"If a sitting CEO serves on an outside board, that board should be in a “complementary” industry, according to Stephen Miles, founder and CEO of the Miles Group, a consulting firm that advises boards about succession.
“One board is useful because it gives them the outside perspective, and it allows them to sit in the board seat versus the CEO seat,” Miles writes in an e-mail response to questions. “The caveat here is that they need to not just be on ‘any’ board. They need to be on a board that adds value to them.”
In other words, some say, CEOs should serve on the boards of companies that, while obviously not competitors, share challenges that the CEO’s own company might face. That might include a company in similar functional areas or with capabilities the CEO’s company is trying to build. It’s probably a company at least as big as the CEO’s, or a particularly innovative smaller one, experts say."
https://miles-group.com/article/fewer-ceos-are-serving-outside-boards
The main issue in the literature is about HOW MANY boards of other companies CEO's and Executive Managers should be on.
One other board is regarded as highly acceptable for CEO's and Stefanac is not even a CEO - only a regional manager.
https://www.issgovernance.com/file/policy/us-overboarding.pdf
Bottom line - duties on one or two other boards is considered beneficial (in terms of corporate learning) but more may mean too much work to do effectively.
You seem to be assuming that Stefanac has taken up a time-consuming executive role at Astralink - rather than the part-time directorship.
I agree with Boundary Rider that the JS's tweet is curious - but this matter is a total red herring.
(20min delay)