directors responsibility

I at a bit of a lss to how management and particularly the directors can get away with the rape and pillage of what BNB was. This comes from the ASIC website regarding the responsibility of directors;

"Commercial expectations of directors
�� As directors, you are generally expected, in the ultimate test, to drive
the bottom line and provide appropriate shareholder returns.
�� In our view, this involves, among other things:
�� achieving the efficient conduct of your business;
�� setting strategy that management can work towards;
�� safeguarding the assets of the company to whom you are
responsible; and
�� providing an environment where instances of material fraud and
error are not present, including by sitting on various Board
committees (such as audit committees)."

So some questions are, how could the directors have stood by and watched BNB being raped of cash by management at the expense of the shareholders?

How can they now approve continued fat cheques and bonus payments to senior management, using any existing value for shareholders?

Continue to sit as a board while a hostile entity takes any existing cash or assetts from shareholders?

Mop.