The board will struggle to make progress on anything (such as appointing a CEO) whilst they are below the minimum number if directors given this:
http://www.companysecretary.com.au/board_briefings/DirectorsSecretaries_MinNumbers.pdf
Whilst the number of directors is below the statutory minimum the board cannot meet to make any decisions/pass any resolutions; they can generally only meet for the sole purpose of reinstating the required minimum number of directors.
ceo announcement due, page-4
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Last
$8.47 |
Change
-0.080(0.94%) |
Mkt cap ! $1.338B | |||
| Open | High | Low | Value | Volume |
| $8.58 | $8.58 | $8.47 | $3.107M | 365.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 24839 | $8.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.49 | 101 | 1 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| ELD (ASX) Chart |