To threaten action and then not follow through is to be a "toothless Tiger". To stop now would reduce credibility to zero and any further threats would only be seen as crying wolf once more.
Nothing wrong with putting the proposed action on hold PROVIDED the reasoning and timing of resumption of action is firmly spelt out [ie transparency]as this is responsible.
In the opinions of some it would seem that putting out an announcement every time management is under siege is correct governance and the matter should therefore end at that point.
The issues have not gone away, only been put in suspension for immediate future and timelined for resumption.
I like most of us hope mgmt keep to the August time frame but even so that is not enough by any stretch of the imagination.
A shareholder representaitve on the Board is a good thing nonetheless. If there is nothing to hide or fear [and there shouldn't be] then the current Board should actually embrace the idea as it will return credibility and at least the perception of transparency therefore bring it on. regardless.
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