John Kain Chairman BLA should resign immediately

I have waited patiently for John Kain Chairman of BLA to resign. No such luck.

Kain has ousted Robert Shand Managing Director and replaced him with Kim Morison. Out went two other directors, Elaine Stead and Nicholas Dignam.

But John Kain remains, what a cheek!!!!

AMP Australian Chair Catherine Brenner's has resigned admitting that she is to quote "As Chairman, I am accountable for governance, I have always sought to act in the best interests of the company and have been in discussions with the board about the most appropriate course of action, including my resignation" end of quote.

John Kain which part don't you get? you are accountable for governance of BLA. BLA share price has gone from nearly $15.00 to nearly $3.00. that is a loss of nearly 80%. You now admit valuations were incorrect because you have revised them downwards. This is disgraceful behavior by you.

You should resign immediately and lose any benefits that BLA may owe you.

Kain you are a disgrace to the honour of all other well respected Australian directors.