Six (6) years and the board puts it down to "we were giving him...

Six (6) years and the board puts it down to "we were giving him the benefit of the doubt" seems like a cop-out. I'd like to see how one organisation cannot function on the basis of one individual, and how important and personal information is held entirely with the ex-director. There is just as much blame here on the board of directors, as there is on the ex-director.

In addition, aside from potentially illegal behavior by DB, I fail to see what the current board plans to do. Telling us they are committed to the cause isn't good enough, why the wake-up call now? After 6 years, and continued SP downtrend?

Given where the company is now, this feels more like another start-up with baggage. Why would anyone invest in this, when there's a lot of other investment opportunities that haven't been tainted by bad blood.