It is the board that elects the chairman, and also approves any executive chairman role, so the issue may not be what Mr Price wishes to be (or even his actual election to the board) but whether the board itself actions any next step.
The bulwark may well be at that point and the portcullis there lowered. If so it will be a clear sign to shareholders and then require shareholder introspection whether any action should be taken in respect of the board generally.
If the board does allow further powers to Mr Price, it is in effect (and perhaps contractually) a slap to the current MD if any executive role is carved out or layered in favour of Mr Price. What must the current MD and management team be thinking about all the noise? How is it affecting any present attempts to add value to the company operations?
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