What's the point of all that? There are mitigating...

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jwhiteman

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07/05/20

13:13

Post #: 44488075
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Originally posted by Lou222: ↑

Wow, ok again, we can chunk this down a little so we can all keep up -

- Safety, that is a legislative obligation upon all boards and CEO's in just about every jurisdiction in the World, that is there is Legislation (Law) that mandates such.

- Profitability, well that also is caught up in that little thing call solvency, again in the US and Australia we have Corporations Laws which are...… well the Law...…..

- Return to shareholders, well there again, any listed Company in the US or Aust must put a prospectus to market which is required by, yep here it is again LAW, in that the Company must define its intent and its objectives and ASIC (Australian Securities Investment Commission) and the ASX determine if such a company, with such intent can be listed. And yes you guessed it, part of that is ensuring it has able means and intent to return earnings, growth and wealth to investors, hence the creations of markets...……. Wonderful concept.

Now assuming we are keeping up, then refer back to

"ensure the profitability, safety and return to shareholders"

Not sure simpler this can be put..................... It is not an expectation, it is the law, as to when a CEO takes a role, if he turns up and states Oh yeah, I want the job but please don't expect to hold me to account for anything like profitability, safety or shareholder returns, well...… well..... I just cant believe this is the level of insight that must be had.

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What's the point of all that? There are mitigating circumstances:

1) Energy market collapse
2) Trade war
3) COVID-19

Companies do fail for external reasons beyond their control so the failure of a company doesn't automatically mean that management breached their contracts or any law or that they didn't care or were incompetent.

If you have any evidence that they did then put it up.

S far, no one has come up with anything at all.

LNG Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
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What's the point of all that? There are mitigating...

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