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It was done quietly, methodically and reflected a refreshing preparedness by investment custodians to vote contrary to lightweight proxy advisory recommendations. The poisonous RPS scheme was not well received and will take another year to shake out of the system and free the share price and return dividends.

BKN now have an older but deeply experienced and conservative Board, whose members have only a few other directorships and therefore can devote the time and attention to good governance.

I think investment professionals are increasingly cautious about Boards comprised of so called "professional directors" who have more than 3 other directorships. It beggars belief that people can flit between 5 and 10 boards and still be able to deliver value to shareholders.

You were at the BKN AGM .. What do you reckon?