From the prospectus: * The management services agreement...

From the prospectus:
* The management services agreement includes: "managing the investment of the Portfolio and complying with the investment policy of the Company"
* "The Company may terminate the agreement immediately by written notice to the Manager to that effect in the event of any material and substantial breach of this agreement by the Manager"

This additional notice (https://www.asx.com.au/asxpdf/20170511/pdf/43j6dmdn38k7tv.pdf) updated the above so that a termination requires giving JBL 14 days notice in which to remedy the breach.

Has anything JBL has done already not complied with the company's investment policy? If so, all the new directors need to do is file notice and see if JBL can comply within 14 days. If not, they could look at changing the investment policy to require JBL to take certain actions...